Gold prices hover near 6-week high amid softer dollar, Fed rate cut bets
ISSY-LES-MOULINEAUX - Canal+ SA (LSE:CAN) announced Friday it has mandated several major financial institutions to arrange fixed-income investor calls starting November 24 for a potential senior unsecured bond offering with a 5-year maturity.
The global media and entertainment company has appointed BNP Paribas, BofA Securities, Crédit Agricole CIB, JP Morgan, and Société Générale as Joint Global Coordinators. Barclays, HSBC, IMI - Intesa Sanpaolo, and ING will serve as Joint Active Bookrunners.
According to the company’s press release, the net proceeds from the potential bond issuance would be used for general corporate purposes, including refinancing part of the outstanding €1.461 billion Bridge Facility. This facility was established to secure financing for Canal+’s acquisition of MCG shares.
Canal+, which recently confirmed effective control of MultiChoice Group on September 22, now operates in over 70 countries with 40 million subscribers worldwide. The combined group employs approximately 17,000 people.
The company noted that the bond offering is subject to market conditions. A pre-recorded investor presentation with voiceover will be made available alongside the investor calls.
The announcement specified that the Notes will not be offered to retail investors in the European Economic Area or the United Kingdom, and will be subject to various regulatory restrictions in different jurisdictions.
This inaugural bond transaction comes as Canal+ begins integrating MultiChoice Group, Africa’s leading entertainment platform, which offers products including DStv, GOtv, Showmax, and SuperSport.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.