IFLR1000

Rexel €300 million 2.625% high yield issue

13/3/2017
High-yield bond/note issue
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€ 300 million

$ 323.279 million

Completed

13/3/2017

Overview:

  • Rexel has issued €300 million in high yield senior notes.
  • The 2.625% notes, due 2024, are listed on the Luxembourg Stock Exchange.
  • BNP Paribas and Crédit Agricole acted as joint global coordinators and joint lead bookrunners; Bank of America Merrill Lynch, HSBC and Natixis acted as joint bookrunners; BBVA, Crédit Industriel et Commercial and Société Générale acted as co-lead managers.
  • Rexel will use the funds raised to redeem existing 5.250% notes.
  • Rexel is a distributor of electrical products and services.

Sam Duke - Editor

Jurisdictions:

France
Luxembourg

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sectors:

Consumer goods and services
Industrials and manufacturing

Firms:
Debevoise & Plimpton

Party: Rexel (Issuer)

Lawyers: E Raman Bet-Mansour, Philippe Tengelmann

Hogan Lovells

Party: BNP Paribas (Joint global coordinator, Bookrunner)

Party: Crédit Agricole (Joint global coordinator, Bookrunner)

Party: Bank of America Merrill Lynch (Bookrunner)

Party: HSBC (Bookrunner)

Party: Natixis (Bookrunner)

Party: BBVA (Lead manager)

Party: Crédit Industriel et Commercial (Lead manager)

Party: Société Générale (Lead manager)

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