Banijay Raises $2.6 Billion in Refinancing for Endemol Shine Acquisition

Banijay Group has completed its refinancing drive to raise €2.4 billion ($2.6 billion) for the acquisition of Endemol Shine Group.

“Following positive feedback from the investor community, the business was oversubscribed and raised the full investment across euros and U.S. dollars with a maturity of five years; the necessary funds to refinance the group’s existing debt, as well as that of ESG,” the company said in a statement.

The financing includes €575 million ($627.8 million) senior secured notes due 2025; $403 million senior secured notes due 2025; €400 million ($436.7 million) senior notes due 2026; €453 million ($494.6 millio) term loan B facility; $460 million term loan B facility and €170 million ($185.6 million, equivalent) multicurrency Revolving Credit Facility.