Successful placement of the €500 million notes offering
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, has successfully placed €500 million of its 2.125% unsecured senior notes due 2025.
Patrick BERARD, Chief Executive Officer, said:
“The success of this new 7.5-year note issuance confirms investor confidence in Rexel’s business model and strategy. It will allow us to refinance the 3.250% notes issued in 2015 at a significantly lower cost.
This operation constitutes a further step in our continuous efforts to strengthen our balance sheet and reduce our cost of financing.”