Rexel to redeem €300 million 2 1/8% notes due 2025 on May 12

By Marisa Wong

Los Angeles, May 10 – Rexel confirmed that it will redeem its 2 1/8% senior notes due 2025 (ISIN: XS1716833352) on May 12 at 101.063.

Rexel had issued a notice of conditional partial redemption for €300 million of the notes. On Monday the issuer said all of the conditions to the redemption have been satisfied.

The redemption was subject to a financing condition. Rexel has priced €300 million of 2 1/8% sustainability-linked notes due June 15, 2028, proceeds of which are earmarked for the redemption.

The Bank of New York Mellon is the trustee and paying agent.

Based in Paris, Rexel distributes electrical, heating, lighting and plumbing equipment and also specializes in renewable energies and energy efficiency products and services.

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