IFLR1000

Rexel €500 million 3.25% high yield issue

21/5/2015
High-yield bond/note issue
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€ 500 million

$ 530.846 million

Completed

21/5/2015

Overview:

  • Rexel has issued €500 million in high yield senior notes on the Luxembourg Stock Exchange.
  • The 3.25% unsecured senior notes are due 2022.
  • The issuance of the notes will be used to redeem $500 million principal amount of the company's existing 6.125% senior notes due 2019.
  • Crédit Agricole CIB, HSBC and Société Générale acted as joint global coordinators, and as joint lead bookrunners for the offering, BofA Merrill Lynch, CM-CIC, ING and JPMorgan acted as joint bookrunners, and BayernLB, Natixis and Standard Chartered Bank acted as co-lead managers.

John Crabb - Journalist 

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:
Cleary Gottlieb Steen & Hamilton

Party: Crédit Agricole Corporate and Investment Bank (Global coordinator, Joint bookrunner)

Party: HSBC (Global coordinator, Joint bookrunner)

Party: Société Générale (Global coordinator, Joint bookrunner)

Party: BofA Merrill Lynch (Joint bookrunner)

Party: CM-CIC (Joint bookrunner)

Party: ING (Joint bookrunner)

Party: JPMorgan Chase (Joint bookrunner)

Party: BayernLB (Co-Lead manager)

Party: Natixis (Co-Lead manager)

Party: Standard Life UK Smaller Companies Trust (Co-Lead manager)

Lawyers: John Brinitzer, Valérie Lemaitre

Debevoise & Plimpton

Party: Rexel (Issuer)

Lawyers: E Raman Bet-Mansour, Philippe Tengelmann, Pierre Maugüé

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