France's Rexel to price $300 million notes due 2019 in week ahead

By Paul A. Harris

Portland, Ore., March 16 - France's Rexel, SA plans to price a $300 million offering of senior notes due in December 2019 (existing ratings Ba2/BB/BB) mid-to-late in the week ahead, according to a syndicate source.

Bank of America Merrill Lynch, Barclays Capital Inc. and RBS Securities Inc. are the joint bookrunners. BNP Paribas and Credit Agricole CIB are the co-lead managers.

The Rule 144A and Regulation S for life notes become callable in December 2015.

The Paris-based provider of electrical solutions and equipment plans to use the proceeds for general corporate purposes, including funding of potential future acquisitions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.