Editis Holding in €290 Million Term Loan and Revolving Credit Facilities Agreement

November 14, 2023

Cleary Gottlieb assisted Editis Holding (Editis), in the framework of its sale to International Media Invest (IMI), in connection with the negotiation and implementation of a new €290 million term loan and credit facilities agreement, signed on November 10, 2023.

The financing consisted of a €140 million term loan facility and a €150 million revolving credit facility.

The purpose of the term loan financing is the refinancing of intercompany loans whereas the purpose of the revolving credit facility is the financing of the general corporate or working capital purposes of the group.

The closing occurred on November 14, 2023, corresponding to the completion date of the sale.

BNP Paribas, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, Crédit Lyonnais, Natixis, and Société Générale acted as mandated lead arrangers and bookrunners.

Natixis acted as coordinator, documentation agent, facility agent, and security agent.