GL Events, a leading player in the event industry, has carried out an early refinancing of its RCF and obtained a new financing line. The transaction consists of a new €70 million term loan repayable in five years. In addition, GL Events refinanced the €150 million revolving credit facility (RCF) in advance with a 5-year maturity and a 2-year extension at the company’s discretion.
This refinancing contributes to the extension of the maturity of the financial debt and is in line with the strategy of continuing to reduce the gross debt at the end of 2023 and the development of the group.
DELSOL Avocats advised GL Events on this transaction with a team including Séverine Bravard, partner, and Emilie Florentin, associate.