Lagardère group has consolidated its financial position by arranging a government-backed loan and amending and extending the term of its revolving credit facility. Lagardère has arranged with its main French and European banking partners a €465 million loan that is 80%-backed by the French state. The initial maturity of the government-backed loan is 12 months, with an extension option for up to five additional years. The option may be exercised at the Company’s discretion at the end of the initial term. The syndicate of lending banks comprises BNP Paribas, Commerzbank, Crédit Agricole CIB, Crédit Agricole Île de France, LCL, ING, Natixis, Société Générale and Unicredit. At the same time, Lagardère has agreed with its banking partners to amend and extend the term of its revolving credit facility, thereby: adjusting the amount of the facility to €1.1 billion; extending the term of a €1 billion tranche from May 2022 to March 2023; redefining the covenants over the period to take account of the impacts of the health crisis on all of the Lagardère group’s businesses.