The Marseille Commercial Court approves the accelerated safeguard plans of BOURBON

A decisive step towards finalizing the financial restructuring and preparing for the shareholder transition

The Marseille Commercial Court has approved the accelerated safeguard plans for Société Phocéenne de Participation (SPP), BOURBON’s holding company and its concerned affiliates, thereby significantly reducing its financial debt to less than 1.5 times EBITDA and the provision of new money. This decision marks the outcome of a strategic process initiated by the Group and its partners with the aim of providing Bourbon with a sustainable, robust and growth-oriented financial structure.

The approval of these plans was made possible by the broad support of its creditors, representing a significant portion of the Group's financial debt, as well as its shareholders. The Group is now entering the final phase of implementing the Commercial Court's decision with the deployment of the usual financial and legal operations, which will be finalized before the end of the year.

As the accelerated safeguard procedure is essentially technical in nature, there is no operational impact to report.

Funds managed by affiliates of Davidson Kempner Capital Management and of Fortress Investment Group, already involved alongside BOURBON in the development of the plan, are set to become the Group's new controlling shareholders once the finalization process is completed by the end of 2025.