Pierre & Vacances-Center Parcs: Extension of the Exclusivity Agreement Entered Into With the Investor Group Alcentra -Fidera -Atream Until February 18, 2022
31 Janvier 2022 - 6:40PM
Business Wire
Regulatory News:
As part of its equity strengthening process, Pierre et Vacances
S.A (Paris:VAC), the listed holding company of Pierre &
Vacances–Center Parcs group (the "PVCP Group"), entered into
an exclusivity agreement on December 17, 2021 until January 31,
2022 with a group of investors consisting of (i) Alcentra
Limited (also a financial creditor of the PVCP Group), (ii)
Fidera Limited (also a financial creditor of the PVCP Group), and
(iii) Atream (also an institutional landlord of the PVCP
Group) (together the "Investors").
This exclusivity agreement follows the receipt of a binding
offer by the Investors on November 8, 2021, as amended on November
23, 2021, which was extended to January 31, 2022 in connection with
the execution of the exclusivity agreement (the "Binding
Offer").
In order to allow the completion of the ongoing discussions and
the conclusion of a binding agreement between the parties involved,
the Investors and the main creditors of the PVCP Group, the
Investors have extended the Binding Offer to February 18, 2022 and
the PVCP Group and the Investors have correspondingly extended the
term of the exclusivity agreement to this date.
In the meantime, the PVCP Group confirms that it has obtained
the notices of the employee representative bodies concerned by the
contemplated equity strengthening transaction.
To know the main terms and conditions of the contemplated equity
strengthening transaction, the PVCP Group refers to the press
release dated December 20, 2021 and will communicate at a later
stage further details of the binding agreement when it will be
entered into.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220131005724/en/
For further information :
Investor Relations and Strategic Operations Emeline Lauté
+33 (0) 1 58 21 54 76 info.fin@groupepvcp.com
Press Relations Valérie Lauthier +33 (0) 1 58 21 54 61
valerie.lauthier@groupepvcp.com
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