(Boursier.com) — Tikehau Capital, a global alternative asset management group, today announces that it has successfully set the terms of an inaugural $180 million private placement on the US market (USPP). The proceeds of this financing are intended to be used in strict compliance with the allocation framework (Sustainable Bond Framework) put in place by the Group as part of its first sustainable bond issued in March 2021.
This private placement is structured in two tranches with maturities of 10 and 12 years, the longest ever achieved by the Group.
This operation reflects the confidence of American investors in the Group’s credit quality and long-term growth strategy and allows Tikehau Capital to diversify its sources of financing, while further asserting its ESG commitments.
This is a new step in the expansion of Tikehau Capital in North America, after the recent successes recorded locally in the field of CLOs (Collateralized Debt Obligation) and in its infrastructure and secondary private debt strategies.
At the end of the transaction, 63% of the Group’s debt will be subject to sustainable criteria and the average maturity of its debt will be increased to 5.5 years.
The pricing of the transaction was completed on February 11, 2022, and its closing is expected to take place on March 31, 2022, subject to customary conditions.
Tikehau Capital’s long-term credit rating was confirmed by Fitch Ratings on January 17, 2022 at BBB- with a stable outlook.
BofA Securities Inc acted as Lead Placement Agent, and Goldman Sachs & Co. Llc and JP Morgan Securities, Llc acted as Co-Placement Agents.
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