Canal+ Prepares for Initial Euro Bond Issuance

The French media giant, Canal+ SA, is setting the stage for its inaugural issuance of euro bonds as it plans to engage investors in discussions prior to the launch of the offering next week.

Purpose of the Bond Sale

The bond sale, anticipated to raise approximately €500 million, is intended to refinance a portion of the company's existing debt. This debt, specifically a €1.46 billion bridge facility, was originally secured in connection with Canal+'s acquisition of shares in the MultiChoice Group.

According to an insider privy to the transaction, who requested anonymity, these funds will play a crucial role in managing and optimizing Canal+'s financial obligations.