Rexel places USD400 million of notes
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN
Rexel has placed USD400 million of its 6.125% senior notes due 2019.
The notes will rank pari passu with Rexel’s senior credit facility, 8.25% senior notes due 2016 and 7% senior notes due 2018. The notes will be guaranteed by the same Rexel group subsidiaries that guarantee the senior credit facility, the 8.25% notes and the 7% notes.
The delivery and settlement of the Notes is expected to occur on or around March 28, 2012.
This new issuance allows Rexel to continue to improve its financial flexibility and extend its debt maturity profile at affordable cost.