Rexel successfully issued its first Schuldschein for 200 million euros
04 July 2024 - 4:00PM
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 €19.2 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.
CONTACTS
FINANCIAL ANALYSTS /
INVESTORS
Ludovic DEBAILLEUX |
+33 1 42 85 76 12 |
ludovic.debailleux@rexel.com |
PRESS
Brunswick: Thomas KAMM |
+33 1 53 96 83 92 |
tkamm@brunswickgroup.com |
- 2024 07 04 - Rexel successfully issued its first
Schuldschein
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