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Pierre et Vacances: 2021/2022 First Half Results

Pierre et Vacances: 2021/2022 First Half Results
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Pierre et Vacances SA: Pierre et Vacances: 2021/2022 First Half Results

Sharp increase in 2022 half-year results1 compared to the same period in 2021, higher than in H1 2019 (pre-Covid): Accommodation revenue: +7.5% vs 2019 Adjusted EBITDA: +89% vs ....

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Pierre et Vacances S.A.: Signing of a binding offer with certain of the Group's existing financial partners in order to provide a new money financing up to EUR 300 million

(2)
Regulatory News:
Pierre et Vacances S.A. (Paris:VAC) announces that it has accepted today a binding financing offer from some of its existing banking partners, EuroPP 2022 and 2025 holders, and Ornane holders (the
Financial
New Money Financing ), following a competitive process open to third party lenders.
This financing will mainly be used to meet the Group s short-term needs in relation to its activities and operational constraints pending the completion of an equity strengthening transaction (
opération de renforcement des fonds propres
The main terms and conditions of the New Money Financing are detailed below.
The New Money Financing will consist of the following two successive tranches: ....

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