Kinepolis Group realizes a private placement of bonds for a total value of € 125 million

| Financial

5 December 2017

Kinepolis Group has successfully concluded a private placement of bonds with institutional investors amounting to € 125 million, of which € 60 million were placed with a maturity of 8 years and € 65 million with a maturity of 10 years. The market demand was significantly higher than the targeted amount of € 125 million, which demonstrates once again the confidence of the market regarding the strategy pursued by Kinepolis.

The placement fits in with Kinepolis' cautious financial strategy to finance its investments on the long term and, as such, ensure cash flow matching. The placement will be used to support the expansion of Kinepolis, with the acquisition of Landmark Cinemas Canada and the construction of new complexes in various countries, the renovation of acquired cinemas, investments in new experience concepts and other investments, such as future acquisitions.

 

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 52 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of the Canadian movie theatre group 'Landmark Cinemas' in December 2017, Kinepolis also operates 45 cinemas in Canada.

In total, Kinepolis Group currently operates 97 cinemas (45 of which it owns) worldwide, with a total of 850 screens and more than 180,000 seats. Including the acquired Canadian organization, Kinepolis employs 3,750 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