Rexel launches a sustainability-linked notes offering for a nominal amount of €600 million
Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, announced today that it intends to offer €600 million of senior unsecured sustainability-linked notes due 2028 (the “Notes”). The Notes, callable at Rexel’s discretion as from December 2024, will rank pari passu with Rexel’s senior credit facility and other senior unsecured notes.
Rexel published today its new Sustainability-Linked Bond Framework (the “Framework”) which covers debt instruments whose financial characteristics are linked with sustainability performance targets.
The Framework has been established in accordance with the Sustainability-Linked Bond Principles (SLBP) administered by ICMA and reviewed by Vigeo Eiris who provided a Second Party Opinion (“SPO”) on October 22, 2021.
This document is not an offer of securities for sale nor the solicitation of an offer to purchase securities in France, in the United States or any other jurisdiction.
The securities described herein may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the
Press Release November 2, 2021 – Rexel launches a sustainability-linked notes offering for a nominal amount of €600 million
“Securities Act”). The securities described herein have not been and will not be registered under the Securities Act and Rexel does not intend to make a public offer of its securities in the United States.
The offer and sale of the Notes in France will be carried out through a placement to qualified investors only (within the meaning of Regulation (EU) 2017/1129), in accordance with article L.411-2 of the French Financial and Monetary Code and other applicable laws and regulations. There will be no public offering in France.