Groupe Flo’s €35 Million French State Guarantee Scheme

Orrick Herrington & Sutcliffe LLP dvised Groupe Flo.

Groupe Flo announced a financial loans totaling €35 million as part of the exceptional guarantee scheme implemented by the French State to help companies weather the COVID-19 crisis.

This loan, which is guaranteed by the French State up to 90%, was granted by BNP Paribas, Banque Populaire Rives de Paris and Crédit Lyonnais. It will enable Groupe Flo and its eligible subsidiaries to finance their cash flow requirements as they resume normal operations and to preserve jobs in France.

Listed on Euronext Paris, Groupe Flo is a catering group comprising 132 owned and franchised restaurants. The group is mainly known for the Hippopotamus brand, historic brasseries and concessions.

The Orrick team was led by Emmanuel Ringeval (Picture) and included Lucie Boiteux.

Involved fees earner: Lucie Boiteux – Orrick; Emmanuel Ringeval – Orrick;

Law Firms: Orrick;

Clients: Groupe Flo;