04.07.2024 08:00:06 - dpa-AFX: GNW-Adhoc: Rexel successfully issued its first Schuldschein for 200 million euros
Rexel successfully issued its first Schuldschein for 200 million euros
Rexel announces today the success of its first Schuldschein private placement,
totaling 200 million euros, with two tranches of three and five years.
Initially planned at 100 million euros, the placement was oversubscribed by
French and international investors, leading Rexel to double the amount issued.
This issuance is one of the first by a non-investment grade French issuer since
late 2022 and demonstrates the quality and attractiveness of Rexel's credit
profile.
This transaction is part of the Group's active management of its balance sheet
and will allow Rexel to diversify its investor base, extend the average maturity
of its debt and benefit from attractive financing conditions.
Bayerische Landesbank and Commerzbank are the arrangers of this transaction.
Laurent Delabarre, Group Chief Financial Officer of Rexel, declared: "We are
very pleased with the success of this issue, which will allow us to continue to
strengthen our financial structure. The positive reaction from investors
demonstrates the attractiveness of Rexel's strategy and prospects, which we
recently presented at our Capital Markets Day."
ABOUT REXEL GROUP
Rexel, worldwide expert in the multichannel professional distribution of
products and services for the energy world, addresses three main markets:
residential, commercial, and industrial. The Group supports its residential,
commercial, and industrial customers by providing a tailored and scalable range
of products and services in energy management for construction, renovation,
production, and maintenance. Rexel operates through a network of more than
1,950 branches in 19 countries, with more than 26,500 employees. The Group's
sales were EUR19.2 billion in 2023.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker
RXL, ISIN code FR0010451203). It is included in the following indices: MSCI
World, CAC Next 20, SBF 120, CAC Large 60, CAC 40 ESG, CAC SBT 1.5 NR, CAC
AllTrade, CAC AllShares, FTSE EuroMid, and STOXX600. Rexel is also part of the
following SRI indices: FTSE4Good, Dow Jones Sustainability Index Europe,
Euronext Vigeo Europe 120 and Eurozone 120, STOXX® Global ESG Environmental
Leaders, and S&P Global Sustainability Yearbook 2022, in recognition of its
performance in terms of Corporate Social Responsibility (CSR).
For more information, visit www.rexel.com/en (http://www.rexel.com/en).
CONTACTS
FINANCIAL ANALYSTS / INVESTORS
ludovic.debailleux@rexel.com
Ludovic DEBAILLEUX +33 1 42 85 76 12 (mailto:ludovic.debailleux@rexel.com)
PRESS
tkamm@brunswickgroup.com
Brunswick: Thomas KAMM +33 1 53 96 83 92 (mailto:tkamm@brunswickgroup.com)
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