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Case Study

Groupe Lucien Barrière issues €95 million Senior Notes

Founded in 1912 by François André, Groupe Lucien Barrière (“Barrière” or “the Company) has developed an unrivalled offering in the field of high-end leisure activities and is now the leading casino group in France and Switzerland.

Case Study

Groupe Lucien Barrière issues €95 million Senior Notes

Founded in 1912 by François André, Groupe Lucien Barrière (“Barrière” or “the Company) has developed an unrivalled offering in the field of high-end leisure activities and is now the leading casino group in France and Switzerland.

At a Glance

Barrière operates 32 casinos, 1 gaming club, and 20 luxury hotels in unique destinations throughout the world, as well as more than 150 bars and restaurants, including the famous Fouquet’s on the Champs-Elysées.

In March 2024, Barrière approached PPC to gauge our interest in a bilateral transaction to address strategic refinancing needs. The Company and PPC engaged late 1Q24, adapting their timing for the Loulou Group acquisition in the Fall, and reached an agreement in early December 2024.

In December 2024, PPC provided €95MM of Senior Notes with a 10 year final maturity. Our ability to offer diversified financing, longer maturities and to step-up for sizeable quantum on a single-investor basis was key in Barrière’s decision to partner with us.

As a family-owned company, Barrière valued  the relationship-nature of our capital and our ability to support them for this strategic refinancing. We greatly value our experience working with Barrière, and we look forward to continuing our support in their future endeavors.

Relationship Since 2024
Transaction details:
  • €95,000,000 Senior Notes
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Belgium, Northern France, Western France, & Paris

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