Rexel Sets €400 Million Senior Notes Offering to Boost Growth
Rexel Launches Senior Notes Offering
Rexel, a leading expert in the professional distribution of products and services for the energy sector, has taken a significant step by announcing a €400 million offering of senior unsecured notes maturing in 2030. This exciting move showcases Rexel's commitment to enhancing its financial stability and growth potential.
Purpose of the Senior Notes
The funds raised through this senior notes issuance will be strategically allocated for general corporate purposes. By extending the maturity profile of its debt under favorable conditions, Rexel aims to solidify its financial foundation. This proactive approach enables Rexel to maintain flexibility in its operations while enhancing liquidity.
Enhanced Financial Structure
The senior notes, which are callable from September 2027 at Rexel's discretion, will rank equally with the company's existing senior credit facility. This bolstered structure not only reinforces Rexel’s financial standing but also reflects its foresight in managing resources effectively.
Investor Exclusivity and Market Listing
It's important to note that the offering of the senior notes is targeted solely at investors outside the United States, underscoring Rexel’s intent to responsibly navigate international regulatory landscapes. Furthermore, the notes are expected to be listed on the Luxembourg Stock Exchange's Euro MTF, adding to Rexel's visibility in the financial markets.
Ratings from Reputable Agencies
Rexel anticipates that the senior notes will receive ratings from renowned rating agencies such as Moody's and Standard & Poor’s. This rating process is contingent upon the issuance itself and is expected to culminate shortly, providing further validation of the notes' security and sound investment quality.
About Rexel Group
Rexel has carved a niche as an instrumental player in the professional distribution of energy sector products and services, addressing the diverse needs of residential, non-residential, and industrial markets. The company prides itself on offering tailored solutions aimed at energy management, facilitating construction, renovation, production, and maintenance initiatives.
With a robust network comprising over 1,950 branches across 17 countries and a dedicated workforce of more than 27,000 employees, Rexel generated impressive sales of €19.3 billion in a recent financial year. This expansive reach and strong sales performance are testaments to Rexel's strategic positioning in the market.
Commitment to Sustainability
Rexel's commitment to corporate social responsibility is reflected in its inclusion in influential indices such as MSCI World, CAC Next 20, and the Dow Jones Sustainability Index Europe. By placing a strong emphasis on sustainable practices, Rexel has affirmed its responsibility toward environmental stewardship and social impact.
Future Prospects
The issuance of the senior notes signals a proactive strategy by Rexel to navigate the complex and dynamic landscape of the energy sector. This strategic financial maneuver is expected to not only strengthen the company’s balance sheet but also set the stage for future growth and innovation within the industry.
Investors are encouraged to closely follow this offering, as it positions Rexel for continued success in meeting the energy demands of tomorrow while upholding its values of sustainability and responsibility.
Frequently Asked Questions
What is the purpose of Rexel's senior notes offering?
The €400 million raised will be used for general corporate purposes, allowing Rexel to strengthen its financial structure.
When will the senior notes mature?
The senior notes are due in 2030, with the possibility of early redemption starting from September 2027.
Who is eligible to invest in the senior notes?
The offering is exclusively available to investors outside the United States, ensuring compliance with international regulations.
What are the anticipated ratings for the senior notes?
Rexel expects to receive ratings from Moody's and Standard & Poor’s shortly after the issuance.
How does Rexel contribute to sustainability?
Rexel is recognized in several sustainability indices and focuses on responsible energy management and environmental stewardship.
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