(CercleFinance.com) – The group announces the success of a private placement of 150 ME with a maturity of 12 years, with institutional investors.
This investment, without financial covenants, constitutes the first financing with a maturity greater than 10 years for Seb, allowing it to extend the average maturity of its debt.
‘Its success demonstrates the confidence of investors in the strategy and long-term prospects of Groupe Seb, after the oversubscribed financing, in the form of Schuldschein, of 650 ME in December 2023 and bank financing in the form of a Club Deal of 495 ME finalized in March 2024 with its relationship banks’ indicates the group.
With this institutional private placement, the group continues to diversify its sources of financing.