Elis Announces Successful €350 Million Note Issuance
Elis Successfully Priced a €350 Million Note Issuance
Elis, a global leader in circular services, has successfully priced a major note issuance. The company has announced the issuance of €350 million in senior unsecured notes, demonstrating confidence from investors and highlighting its strong business model and future prospects.
Details of the Issuance
The €350 million aggregate principal amount of these notes is set to mature in 6 years, featuring a fixed annual coupon rate of 3.375%. This strategic issuance is aimed at reinforcing Elis's financial stability and reflects the robust demand from investors.
Investor Confidence and Demand
The overwhelming response from investors showcases their confidence in Elis's sustainable business model and its future growth potential. The transaction illustrates how well the company is positioned to meet the market’s needs while continuing its trajectory of innovation.
Use of Proceeds
The net proceeds from this note issuance will predominantly be geared towards refinancing the previous €350 million notes due in February 2026. This move aligns with Elis’s established cash allocation policy and is part of the company’s broader refinancing strategy.
Strategic Partnerships
The successful placement of these bonds was facilitated by a syndicate of nine prominent banks, including Banco Bilbao Vizcaya Argentaria and Société Générale. This diverse group of financial partners highlights the trust in Elis and its commitment to financial transparency and security.
About Elis
As an industry leader in circular services, Elis continuously innovates by offering a rental-maintenance model enhanced by state-of-the-art traceability technologies. They specialize in meeting customer needs around hygiene and protection while also forward-thinking about environmental responsibilities.
Commitment to Sustainability
Elis is dedicated to helping its customers achieve their environmental goals, creating sustainable value for shareholders, employees, and the community. The company excels in providing high-quality services across the 31 countries it operates, making notable strides in operational efficiency and customer satisfaction.
Contact Information
If you have any questions or need more information, please reach out to:
Nicolas Buron
Director of Investor Relations, Financing and Treasury
Phone: + 33 (0)1 75 49 98 30
Email: nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: + 33 (0)1 75 49 98 15
Email: charline.lefaucheux@elis.com
Frequently Asked Questions
What was the principal amount of the notes issued by Elis?
Elis issued a principal amount of €350 million in senior unsecured notes.
What is the maturity period of the issued notes?
The notes have a maturity period of 6 years.
Which banks were involved in the placement of these bonds?
A syndicate of nine banks, including Banque Bilbao Vizcaya Argentaria and Société Générale, were involved in the placement.
How will the proceeds from the issuance be utilized?
The proceeds will primarily be used for refinancing previous notes due in February 2026.
What is the coupon rate for the new notes?
The new notes carry a fixed annual coupon of 3.375%.
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