DELSOL Avocats assisted GL Events on early RCF refinancing and fresh finance
Event industry leader GL Events refinanced its RCF early and acquired a fresh funding line. A five-year €70 million term loan is the transaction. GL Events also pre-refinanced the €150 million revolving credit facility (RCF) with a 5-year maturity and a 2-year extension at its option.
Séverine Bravard, Partner
This refinancing extends financial debt maturity and supports the aim of reducing gross debt by 2023 and group growth.
Séverine Bravard, partner, and Emilie Florentin, associate, represented GL Events at DELSOL Avocats.
Emilie Florentin, Associate
For detailed information, as well as the picture copyright, please see the law firm’s original article here: DELSOL Avocats advised GL Events on the early refinancing of its RCF and on obtaining a new financing line.