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Rexel launches €100 million tap of 2 1/8% sustainability-linked notes due 2028
Chicago, May 7 – Rexel SA launched a €100 million add-on to its recently priced 2 1/8% sustainability-linked notes due June 15, 2028, according to a press release.
The new notes would be fungible with the original €300 million of notes sold on April 27 after the expiration of a 40-day period.
Proceeds will be used, with cash, to redeem part of the 2 1/8% senior euro notes due June 2025, with the redemption planned for May 25.
The company seeks to extend its maturity profile at favorable financing conditions.
The notes are being offered exclusively to investors outside of the United States and will be listed on the Luxembourg Stock Exchange.
Rexel serves the residential, commercial and industrial energy market through distribution of products and services. The company is based in Paris.
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