Kinepolis Group realises a private placement of bonds for a total value of 96 million euros

Kinepolis Group has successfully concluded a private placement of bonds with institutional investors amounting to 96 million euros. 61.4 million euros were placed with a maturity of 7 years, 34.6 million euros with a maturity of 10 years.

The placement at attractive financial conditions fits in with the financial strategy of Kinepolis and serves to support the expansion of Kinepolis, as a diversification of its sources of funding and as a refinancing of existing credits. Last year, Kinepolis already acquired control of two Spanish cinemas and Dutch group Wolff Bioscopen (nine establishments, cinema projects in Dordrecht and Utrecht). Kinepolis also has building plans in Breda and Brétigny, outside Paris.

Today, the principal sources of funding of Kinepolis are a syndicated credit line with a banking consortium, a retail bond loan (75 million euros, maturity date March 2019), and now this private placement (61.4 million euros with maturity date 2022, 34.6 million euros with maturity date 2025).
 

About Kinepolis

Kinepolis Group NV was formed in 1997 as a result of the merger of two family-run cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.

In Europe, Kinepolis Group NV has 54 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of Canadian movie theatre group Landmark Cinemas and American movie theatre group MJR, Kinepolis also operates 45 cinemas in Canada and 10 in the US.

In total, Kinepolis Group currently operates 109 cinemas worldwide, with a total of 1,065 screens and almost 200,000 seats. Kinepolis employs 4,600 people, all committed to giving millions of visitors an unforgettable movie experience.

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Contact

A. Van Troos,
Corporate
Communication Manager

Kinepolis Group nv
Schelde 1
Moutstraat 132-146
B - 9000 Gent

E: pressoffice@kinepolis.com
T: +32 9 241 00 16

Contact

Kinepolis Group NV
Schelde 1
Moutstraat 132-146
B-9000 Gent

+32 9 241 00 00