Rexel €650 million 3.5% high yield issue

Overview:

• Rexel has issued €650 million in high yield senior notes on the Luxembourg Stock Exchange.
• The 3.5% notes are due in 2023 and are being offered exclusively to investors outside the United States.
• The funds raised will be used to repay Rexel's existing 5.125% senior notes.
• BNP Paribas, Barclays, ING, BayernLB, CM-CIC Market Solutions, Société Générale, Wells Fargo Securities, Bank of America Merrill Lynch, Natixis and Standard Chartered acted as underwriters.

Sam Duke - Editor