Rexel successfully completed the placement of its senior bonds linked to sustainable development

(Boursier.com) — Rexel successfully completed the placement of its senior unsecured sustainable development bonds redeemable in 2030 for an amount of €400 million at a rate of 5.250%.
Settlement-delivery and listing of the Bonds on the Euro MTF market of the Luxembourg Stock Exchange should take place around 13 September.

The Bonds, maturing on September 15, 2030, may be redeemed early at Rexel’s option from September 2026. They will rank pari passu with the senior credit agreement and the other unsecured senior bonds. security interests of Rexel. The Bonds should be rated as follows: Ba1 by Moody’s (Rexel’s corporate rating being Ba1 with a stable outlook) and BB+ by S&P (Rexel’s corporate rating being BB+, with a stable outlook).

Rexel published yesterday its new Sustainability-Linked Financing Framework (the “Framework”) which covers debt instruments whose financial characteristics are linked to performance objectives in terms of sustainable development.

The Framework was established in accordance with the Sustainability-Linked Bond Principles published by ICMA and was reviewed by Moody’s Investors Service, which issued an independent third-party expert opinion on September 5, 2023.