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Accor completes tender offer for bonds due 2023, 2024
Chicago, Nov. 24 – Accor SA announced the conclusion of a refinancing transaction, which included a tender offer by Credit Agricole CIB for two series of bonds, according to multiple notices.
The offer was to buy from the €500 million outstanding 3 5/8% bonds due Sept. 17, 2023 (ISIN: FR0012949949) and the €600 million outstanding 2¼% bonds due Jan. 25, 2024 (ISIN: FR0013233384).
The offer was capped and was linked to the sale of new sustainability-linked bonds.
Through the transaction, the company repurchased €205 million of the 2023 bonds and €243 million of the 2024 bonds.
Accord is a hospitality group with 5,200 properties and 10,000 food and beverage venues.
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