Cannae terminates €523M debt commitment to John Textor for Olympique Lyonnais acquisition

Cannae Holdings, Inc.

Cannae terminated a commitment letter for a credit facility of up to €523M to John Textor.
The facility was to fund Textor's acquisition of equity interests in Olympique Lyonnais Groupe SA.
Termination effective October 11, 2022; no reason disclosed in the filing.
Cannae had previously reported the commitment on June 20, 2022.

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