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Groupe Pierre & Vacances CenterParcs 2020/2021 first half results Paris , 3 June 2021 First half of the year harshly affected by the closure of virtually all tourism sites due to measures related to the ongoing health crisis I. Main events Governance On 7 January 2021 , Franck Gervais joined Pierre & Vacances Center Parcs as the Group CEO . Franck Gervais , 44 years old and a graduate from the prestigious French Polytechnique and Ponts et Chaussées Schools , successfully piloted the transformation of the Accor Group's European sector . Previously at the French railway group SNCF , he was CEO of Thalys and then of Voyages-SNCF.com . This combination of operating - digital - marketing experience , strategic vision and recognised leadership can be fully applied to leading the PVCP Group in the future . Impact of the health crisis on the Group's activities and conciliation procedure The ongoing Covid - 19 pandemic and the ensuing restrictive measures took a heavy toll on the Group's activities during the first half of the year . More specifically , the closure of ski - lifts in France over the winter as well as the ban on access to waterparks , restaurants , indoor sports and leisure activities obliged the Group to close virtually all of the Pierre & Vacances residences and Center Parcs domains . In this backdrop , on 2 February , the Group initiated an amicable conciliation procedure for four months , with an extension possibility . The procedure aimed to reach amicable solutions with the Group's main partners , specifically its creditors and lessors , supervised by the conciliator . Discussions between the Group and its various financial partners resulted in a new financing agreement¹ for a loan of a maximum amount of € 300 million , including a first tranche of € 175 million ( due to be made fully available in early June 2021 ) and a second tranche that can be cancelled with no penalty , of a maximum amount of € 125 million ( to be drawn in full or partly by end - October 2021 at the latest ) . This financing is primarily aimed at covering the Group's short - term requirements for operating activities pending an operation to strengthen equity that is being set up in parallel , with several signs of interest already received by the Group . At the same time , after suspending rental payments to partners of the companies concerned by the conciliation procedure , the Group initiated discussions with its lessors and their main representatives with the aim of drawing up joint solutions for the handling of rents . Finally , the Group has called on the French government for compensation in reference to the measures adopted concerning ski - lifts in ski stations . 1 The terms of this new financing are described in detail in the press release of 10 May 2021 . - 1 -