Lagardère signs Eu1.645bn revolver, cutting bank group after sale of magazine business
French media group Lagardère has completed a Eu1.645bn five year multi-currency revolver, reducing its working capital facility and bank group after deciding to sell its magazine business. BNP Paribas, Crédit Agricole, HSBC, Mizuho, Natixis and Société Genérale were mandated lead arrangers and bookrunners on the facility, which refinances a Eu2.2bn five year loan signed in June 2005 that has since been extended twice.
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