(AOF) – Fnac Darty announces the success of its bond refinancing and the placement of a new bond of 550 million euros maturing in April 2029 allowing the full refinancing of existing 2024 and 2026 bonds. This operation was favorably received by a diversified base of institutional investors, in France and internationally, and was oversubscribed several times. The settlement-delivery date of the new bonds is scheduled for March 28, 2024, subject to the usual completion conditions.
Fnac Darty took advantage of a favorable market environment to refinance in advance its entire bond issue amounting to 300 million euros, at an interest rate of 1.875%, maturing in May 2024, and its bond issue of 350 million euros, at an interest rate of 2.625%, maturing in May 2026.
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