Rexel successfully places 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, has successfully placed €600 million of its 2.125% unsecured senior sustainability-linked notes due 2028 (the “Notes”).
The delivery and settlement as well as the listing of the notes on the Euro MTF market of the Luxembourg Stock Exchange are expected to occur on or around November 10, 2021.
“This new issuance of sustainability-linked notes confirms that ESG is at the heart of Rexel’s strategy, setting short-term milestones on the way to achieving our 2030 goals on greenhouse gas emissions. With this issuance, all our outstanding bonds now are linked to sustainability targets, demonstrating again our commitment to play our part in fighting global warming. This transaction underscores the key role of distributors in promoting the use of green products and constitutes a further step in our efforts to strengthen our balance sheet by extending the maturity of our debt at attractive financial conditions.”
Guillaume Texier, CEO of Rexel