Rexel launches $300 Million note offering
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN
Rexel announced today that it intends to offer 300 million of senior unsecured notes maturing in 2019, market conditions permitting.
This new offering will allow Rexel to further enhance its financial flexibility and extend its debt maturity profile at affordable cost. The Notes will rank pari passu with Rexel’s senior credit facility, 8.25% senior notes due 2016 and 7% senior notes due 2018.
Settlement and delivery is expected to take place on or around March 27, 2012.