REXEL :REXEL LAUNCHES ?500 MILLION NOTE OFFERING
(Thomson Reuters ONE) -
REXEL LAUNCHES ?500 MILLION NOTE OFFERING
Rexel announced today that it intends to offer ?500 million of senior unsecured
notes due in 2022 (the "Notes"). The Notes will be non-callable until 2018.
They will rank pari passu with Rexel's senior credit facility and other senior
unsecured notes.
The proceeds of the issuance of the Notes will be used to redeem Rexel's 6.125%
senior U.S. dollar notes issued on March 28, 2012 and on April 23, 2012 (for the
additional notes) due December 2019 (the "2019 Notes"), and for general
corporate purposes. Rexel will redeem the 2019 Notes at their applicable make-
whole redemption premium, plus accrued and unpaid interest. Rexel can elect not
to redeem the 2019 Notes if it does not issue at least ?400 million of Notes or
if there is a material change in financial markets.
The Notes will be offered exclusively to investors outside the United States and
are expected to be listed on the Luxembourg Stock Exchange (Euro MTF).
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 respective
rating agencies.
This issuance will allow Rexel to enhance its financial flexibility by extending
its debt maturity profile and reducing its overall cost of financing.
Crédit Agricole CIB, HSBC and Société Générale will act as Joint Global
Coordinators, and as Joint Lead Bookrunners. BofA Merrill Lynch, CM-CIC, ING and
J.P. Morgan will act as Joint Bookrunners for the Notes offering. Bayerische
Landesbank and Natixis 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.
ABOUT REXEL GROUP
Rexel, a global leader in the professional distribution of products and services
for the energy world, addresses three main markets - industrial, commercial and
residential. The Group supports customers around the globe, wherever they are,
to create value and run their businesses better. With a network of some 2,200
branches in 38 countries, and c. 30,000 employees, Rexel's sales were ?13.1
billion in 2014.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker
RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120,
CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel is also
part of the following SRI indices: DJSI Europe, FTSE4Good Europe & Global, EURO
STOXX Sustainability, Euronext Vigeo Europe 120 and ESI Excellence Europe.
Finally, Rexel is included on the Ethibel EXCELLENCE Investment Registers in
recognition of its performance in corporate social responsibility (CSR). For
more information, visit Rexel's web site at www.rexel.com.
CONTACTS
FINANCIAL ANALYSTS / INVESTORS
Marc MAILLET +33 1 42 85 76 12 marc.maillet(at)rexel.com
Florence MEILHAC +33 1 42 85 57 61 florence.meilhac(at)rexel.com
PRESS
Pénélope LINAGE +33 1 42 85 76 28 penelope.linage(at)rexel.com
Brunswick: Thomas KAMM +33 1 53 96 83 92 tkamm(at)brunswickgroup.com
DISCLAIMER
No communication and no information in respect of the offering by Rexel of notes
described in this announcement (the "Notes") may be distributed to the public in
any jurisdiction where a registration or approval is required. No steps have
been or will be taken in any jurisdiction where such steps would be required.
The offering or subscription of the Notes may be subject to specific legal or
regulatory restrictions in certain jurisdictions. Rexel takes no responsibility
for any violation of any such restrictions by any person.
This announcement is not a prospectus within the meaning of Directive
2003/71/EC of the European Parliament ant the Council of November 4, 2003 as
implemented in each member State of the European Economic Area and amendments
thereto, including Directive 2010/73/EU (the "Prospectus Directive").
This announcement does not, and shall not, in any circumstances constitute a
public offering nor an invitation to the public in connection with any offer in
any jurisdiction.
The offer and sale of the Notes in France will be carried out through a private
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.
With respect to the member States of the European Economic Area, other than
France, which have implemented the Prospectus Directive, the Notes may only be
offered under circumstances not requiring Rexel to publish a prospectus as
provided under article 3(2) of the Prospectus Directive.
This communication does not constitute an offer to the public in the United
Kingdom. No prospectus has been or will be approved in the United Kingdom in
respect of the Notes. The distribution of this press release is not made, and
has not been approved, by an "authorized person" within the meaning of Article
21(1) of the Financial Services and Markets Act 2000. As a consequence, this
press release is directed only at persons who (i) are located outside the United
Kingdom, (ii) have professional experience in matters relating to investments
and fall within Article 19(5) ("investment professionals") of the Financial
Services and Markets Act 2000 (Financial Promotions) Order 2005, (iii) are
persons falling within Article 49(2)(a) to (d) ("high net worth companies,
unincorporated associations, etc.") of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 or (iv) are persons to whom this
communication may otherwise lawfully be communicated (all such persons together
being referred to as "Relevant Persons"). The Notes are directed only at
Relevant Persons and no invitation, offer or agreements to subscribe, purchase
or otherwise acquire Notes may be proposed or made other than with Relevant
Persons. Any person other than a Relevant Person may not act or rely on this
document or any provision thereof. This press release is not a prospectus which
has been approved by the Financial Services Authority or any other United
Kingdom regulatory authority for the purposes of Section 85 of the Financial
Services and Markets Act 2000.
This press release does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The
Notes have not been and will not be registered under the Securities Act, or with
any securities regulatory authority of any state or other jurisdiction in the
United States, and may not be offered or sold, directly or indirectly, within
the United States or to, or for the account or benefit of, U.S. persons, as such
term is defined in Regulation S under the Securities Act ("Regulation S"),
expect pursuant to an exemption from or in a transaction not subject to the
registration requirements of the Securities Act. The Notes are being offered and
sold only outside the United States to non-U.S. persons in "offshore
transactions" as defined in and in accordance with Regulation S. Rexel does not
intend to register any portion of the offering in the United States or to
conduct an offering of securities in the United States.
The distribution of this document in certain countries may constitute a breach
of applicable law. The information contained in this document does not
constitute an offer of securities for sale in the United States, Australia,
Canada or Japan.
This press release may not be published, forwarded or distributed in the United
States, Australia, Canada or Japan.
REXEL LAUNCHES ?500 MILLION NOTE OFFERING :
http://hugin.info/143564/R/1922354/689148.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: REXEL via GlobeNewswire
[HUG#1922354]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2015 - 09:09 Uhr
Sprache: Deutsch
News-ID 394166
Anzahl Zeichen: 10182
contact information:
Town:
Paris
Kategorie:
Business News
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