Rexel launches its first sustainability-linked notes offering for a nominal amount of €300 million
Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, announced today that it intends to offer €300 million of senior unsecured sustainability-linked notes due 2028 (the “Notes”). The Notes, callable at Rexel’s discretion as from June 2024, will rank pari passu with Rexel’s senior credit facility and other senior unsecured notes.
Rexel published today its first 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 23 April 2021. Both the Framework and the SPO are available on the Company’s website.