Business
SUCCESSFUL EUR 1.8 BILLION FINANCING AGREEMENT
CANAL+ SA has successfully secured a EUR 1.8 billion financing agreement, comprising a EUR 500 million 12-month term loan extendable to 24 months and a EUR 1.3 billion 5-year term loan, on attractive terms. This oversubscribed transaction, supported by a syndicate of leading international banks, will be used to refinance acquisition debt related to MultiChoice, with a final maturity in July 2026, and for general corporate purposes, marking the final step in refinancing this acquisition debt and extending the Group's debt maturity profile. Disclaimer*
About this update from Canal+ Sa
[{"type":"text","content":"\n\n \n \n\nCANAL+ SA\nCANAL+ ANNOUNCES SUCCESSFUL EUR 1.8 BILLION FINANCING AGREEMENT\nIssy-les-Moulineaux, 18 December 2025\n \nCANAL+ SA (LSE: CAN) today announced that, as part of its refinancing strategy, it has successfully signed EUR 1 800 million in financing split between a EUR 500 million 12-month term loan extendable up to 24 months and a EUR 1 300 million 5-year term loan on attractive terms. The transaction was significantly oversubscribed by a syndicate of leading international banks, reflecting strong market confidence in the Group.\nThis new financing is intended to refinance the acquisition debt related to MultiChoice which had a final maturity in July 2026 and to support general corporate purposes.\nThis transaction represents the final step in the refinancing of the acquisition debt related to MultiChoice and contributes to the progressive extension and diversification of the Group's debt maturity profile.\nBank of America Europe DAC, BNP Paribas, Crédit Agricole CIB, Crédit Industriel et Commercial, Natixis CIB and Société Générale acted as Coordinators and Bookrunners of the facility.\nAmandine Ferré, Chief Financial Officer and member of the Management Board of CANAL+, commented: \"We would like to sincerely thank the banks that supported this transaction for their strong commitment and continued confidence in CANAL+. Following the successful execution of the Schuldschein placement and the bond issuance earlier this year, this refinancing confirms the financial strength and resilience of the Group, as well as the robustness of our business model. By significantly extending our debt maturities on attractive terms, we gain long-term visibility and flexibility to execute our strategy and support growth.\"\n- ENDS -\n \nABOUT CANAL+\nFounded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. On 22 September 2025, CANAL+ confirmed it is in effective control of MultiChoice Group and beginning the integration process. MultiChoice is Africa's leading entertainment platform, offering a wide range of products and services, including DStv, GOtv, Showmax, M-Net, SuperSport, Irdeto, and KingMakers. Together, the new combined group has 40 millio...