17 January 2023

Kapla Holding announces the Closing of the Offering of its €200.0 million Senior Secured Floating Rate Notes due 2027

Kapla Holding S.A.S. (the “Issuer”), announces today that it has successfully completed an offering of €200.0 million in aggregate principal amount of its Senior Secured Floating Rate Notes due 2027 (the “Notes”).

The Notes were issued at an issue price of 96.000%. Interest on the Notes accrues at a rate equal to three-month EURIBOR (subject to a 0% floor) plus 5.5% per annum, reset quarterly.

The proceeds of the offering were used to repay all amounts outstanding under the €150.0 million loan used to fund the acquisition of GSV on April 7, 2022, fund cash to the balance sheet and pay certain fees, costs and expenses in connection with the offering and are expected to be used to repay drawings under its Revolving Credit Facility.

Sycomore Corporate Finance acted as Independent avisor to Group Kiloutou for the issuance of the Notes.

The advising team comprised Mofdi Gassoumi and Augustin Delayer.