Elis SA starts partial tender offer 1 7/8% senior notes due 2023

By Mary-Katherine Stinson

Lexington, Ky., Sept. 13 – Elis SA has announced a tender offer to repurchase a portion of their €650 million outstanding 1 7/8% senior notes (ISIN: FR0013318094) due 2023 according to a company release.

The maximum amount accepted in the tender offer will be announced after the company has priced and completed its new add-on issuance of €200 million 1 5/8% notes due 2028.

The tender offer is subject to the successful completion of the new issuance.

The notes in the tender offer were originally issued in Feb. 2018 and have a maturity date of Feb. 15, 2023.

Priority allocation for the new notes will be given to tendering noteholders.

The tender offer will expire Sept. 20 and results are expected to be announced Sept. 21.

Elis is a Saint-Cloud, France-based provider of work uniforms and related services.

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