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Published on 9/13/2021 in the Prospect News High Yield Daily.

New Issue: France’s Elis sells €200 million of additional 1 5/8% notes due 2028 at 100.125

Chicago, Sept. 13 – Elis SA sold €200 million of additional 1 5/8% senior notes due April 3, 2028 on Monday, according to a company news release.

The notes priced at 100.125 to yield 1.6%.

The notes are guaranteed by M.A.J.

The new notes will be combined with and form a single series with the previously issued €350 million notes, which were originally issued on Oct. 3, 2020.

These notes are being issued under the company’s euro medium-term note program.

The global coordinator is BNP Paribas. In addition to BNP Paribas, bookrunners are BBVA, Deutsche Bank and Natixis.

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

Issuer:Elis SA
Guarantor:M.A.J.
Issue:Senior notes
Amount:€200 million
Maturity:April 3, 2028
Bookrunners:BNP Paribas, BBVA, Deutsche Bank and Natixis
Coupon:1 5/8%
Price:100.125
Yield:1.6%
Trade date:Sept. 13

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