Pluxee Unveils New 400 Million Euro Commercial Paper Initiative
Pluxee announces the launch of its first commercial paper program (NEU CP) for up to 400 million euros
In an exciting development, Pluxee has revealed plans for its inaugural program for issuing Negotiable European Commercial Paper (NEU CP) with a substantial limit of up to 400 million euros. This initiative promises to significantly enhance the company’s financial flexibility and provide a diversified avenue for securing short-term funding solutions.
Benefits of the New Commercial Paper Program
By tapping into this new program, Pluxee aims to secure a cost-effective and adaptable method of obtaining short-term funds. This move showcases the company's strategic foresight in expanding its financial capabilities to support its overarching financial strategy. Rated A-2 by S&P Global, the program has been meticulously structured by Crédit Industriel & Commercial (CIC), who serves as the Arranger, with CIC, CACIB, BNPP, and Société Générale stepping in as the prominent dealers.
Supporting Financial Growth
As Pluxee expands its financial horizons, this commercial paper program aligns with previous initiatives to diversify funding sources. Notably, following the establishment of a 650 million euro revolving credit facility in late 2023 and a remarkable 1.1 billion euro inaugural bond issuance earlier in 2024, this latest step marks a continued commitment to strengthening Pluxee’s financial standing and operational agility.
Who is Pluxee?
Pluxee operates on a global scale in the realm of Employee Benefits and Engagement across 29 countries. The company is dedicated to assisting organizations in attracting, engaging, and retaining top talent through a myriad of innovative solutions encompassing Meal & Food, Well-being, Lifestyle, Reward & Recognition, and Public Benefits. With the backing of advanced technology and a dedicated workforce of over 5,400, Pluxee stands out as a reliable partner within a dynamic B2B2C ecosystem that includes more than 500,000 clients, over 37 million consumers, and more than 1.7 million merchants.
Commitment to Community and Sustainability
Having amassed over 45 years of experience in delivering exceptional services, Pluxee is unwavering in its commitment to creating a positive impact on local communities. The company prioritizes employee well-being and actively participates in initiatives that focus on sustainability and protecting the planet. This enduring commitment distinguishes Pluxee as a leader in its field, paving the way for innovative solutions that benefit both businesses and employees alike.
Get in Touch
For those interested in learning more about Pluxee's commercial paper program or the company's range of services, they can reach out through the following contacts:
Media Inquiries
Cecilia de Pierrebourg
+33 6 03 30 46 98
cecilia.depierrebourg@pluxeegroup.com
Analyst and Investor Relations
Pauline Bireaud
+33 6 22 58 83 51
pauline.bireaud@pluxeegroup.com
Frequently Asked Questions
What is Pluxee's new commercial paper program?
Pluxee's commercial paper program allows the issuance of up to 400 million euros in short-term financing, aiding financial flexibility.
Who is the arranger for this program?
CIC, or Crédit Industriel & Commercial, serves as the Arranger for Pluxee’s commercial paper program.
How is the commercial paper rated?
This program has received an A-2 rating from S&P Global, indicating a strong position in short-term debt repayment.
What were Pluxee’s recent funding initiatives?
Recently, Pluxee established a 650 million euro revolving credit facility and completed a 1.1 billion euro bond issuance.
How long has Pluxee been in operation?
Pluxee has over 45 years of experience in the Employee Benefits and Engagement sector, building a strong presence in the market.
