Rexel to redeem portion of 2 1/8% euro notes due 2025 on May 12

Chicago, April 26 – Rexel SA will use the proceeds from a new issue of notes and cash on hand to redeem some of its 2 1/8% senior euro-denominated notes due June 2025, according to a press release.

The notes are expected to be redeemed on or around May 12.

The notes were originally issued on Nov. 20, 2017.

The company is planning to extend its debt maturity profile due to favorable financing conditions.

Rexel is a Paris-based distributor of electrical equipment.

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