Kinepolis Group realizes a private placement of bonds for a total value of €225 million
5 July 2019
Kinepolis Group today successfully concluded a private placement of bonds amounting to €225 million with a term of 7.5 years. Any qualified investor or non-professional investor could sign in to this placement via a private banking network or via an intermediary person.
KBC was appointed as coordinator of the transaction. KBC, ING, BNP Paribas Fortis and Belfius jointly offered this placement on the market.
The placement fits in with Kinepolis’ strategy to finance its investments on the long term and, as such, ensure cash flow matching. The proceeds will be used for the financing of a previous issue which was repaid last March, the financing of the recent acquisition of Spanish cinema group El Punt, the renovation of acquired complexes, the construction of new complexes, and for future acquisitions and ongoing investments in new experience concepts.
Contact
Kinepolis Press Office Kinepolis Investor Relations
+32 (0)9 241 00 16 +32 (0)9 241 00 22
pressoffice@kinepolis.com investor-relations@kinepolis.com