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Investor Relations
Ludovic DEBAILLEUX
ir@rexel.com
+33 (0)1 42 85 76 50

Press Relations
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 83

Rexel launches €300million notes offering

Rexel, a global leader in the professional distribution of products and services for the energy world, announced today that it intends to offer €300 million of senior unsecured notes due 2024 (the “Notes”). The Notes, callable at Rexel’s discretion as from March 2020, will rank pari passu with Rexel’s senior credit facility and other senior unsecured notes.


Rexel will use the proceeds of the issuance of the Notes to redeem all or part of the 5.250% senior US$ notes due June 2020 issued by Rexel on April 3, 2013 (the “2020 Notes”) of which US$330,000,000 remain outstanding. Rexel expects to redeem the outstanding 2020 Notes on or about June 15, 2017. Rexel can elect not to redeem the 2020 Notes if it does not issue the Notes or if there is a material adverse change in financial markets. This issuance will allow Rexel to enhance its financial structure by extending its debt maturity profile and reducing its overall cost of financing.

The Notes will be offered exclusively to investors outside the United States and are expected to be listed on the Luxembourg Stock Exchange (EuroMTF). Rexel expects the Notes to be rated by Moody’s, Fitch and Standard & Poor’s. Ratings announcements are expected to be released shortly by the rating agencies.

BNP Paribas and Crédit Agricole Corporate and Investment Bank will act as Joint Global Coordinators, and as Joint Lead Bookrunners. Merrill Lynch International, HSBC Bank plc and Natixis will act as Joint Bookrunners for the Notes offering. Banco Bilbao Vizcaya Argentaria, S.A., Crédit Industriel et Commercial S.A. and Société Générale will act as Co-Lead Managers.

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 “Securities Act”). The securities described herein have not been and will not be registered under 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 private placement 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.


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Investor Relations
Ludovic DEBAILLEUX
ir@rexel.com
+33 (0)1 42 85 76 50

Press Relations
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 83