Rexel launches a sustainability-linked notes offering for a nominal amount of €600 million
3 min
November 3, 2021
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.