Capgemini successfully refinances Altran's former debt
16 Juin 2020 - 7:15PM
Capgemini successfully refinances Altran's former debt
This press
release may not be distributed directly or indirectly
in the United States, Canada, Australia or
Japan
Investor Relations:Vincent
BiraudTel: +33 (0)1 47 54 50 87Email:
vincent.biraud@capgemini.com
Capgemini successfully refinances
Altran’s former debt
Paris, June 16, 2020 -
Capgemini announces today that it has successfully priced a total
of €1.6 billion bonds comprising 2 tranches:
- €800 million 5-year notes, with a coupon of 0.625% (issue price
99.887%) and
- €800 million 10-year notes, with a coupon of 1.125% (issue
price 99.521%).
With this transaction Capgemini is refinancing,
under much improved conditions, the financial debt that was carried
by Altran Technologies, whose acquisition was completed in April
2020.
This bond offering was a great success with an
oversubscription of about 3.5 times. The new bonds issued by
Capgemini SE will be rated BBB by Standard & Poor's, in line
with the BBB/stable outlook rating recently assigned to
Capgemini.
Carole Ferrand, Chief Financial Officer of
Capgemini, said: “After the successful refinancing of the Altran
acquisition on the bond market last April, the strong interest
aroused by this second bond issue is further evidence of investors’
confidence in the quality of the Group’s financial profile. It is
also demonstrating their support of our strategy to position
Capgemini as a digital transformation leader for industrial and
technology players.
This refinancing enables us to significantly
lower the cost of the bank debt that was carried by Altran, while
extending Capgemini’s debt maturity. We are thus reinforcing the
Group’s financial strength while streamlining its financing
structure.”
Disclaimer
This press release and the information contained
herein do not constitute a public offer or an offer to subscribe or
a solicitation of an order to purchase or subscribe for the
securities in the United States or in any other country, or an
invitation to accept the public offer mentioned in this press
release. This press release and the information contained therein
do not constitute a public offer or an offer to subscribe or a
solicitation of an order to purchase or subscribe for the
securities in the United States or in any other country, or an
invitation to accept the public offer mentioned in this press
release. The publication, broadcasting or distribution of this
press release in certain countries may be subject to legal or
regulatory restrictions and the persons in possession of this press
release must inform themselves about and comply with such
restrictions.
This press release does not constitute an offer
to sell the bonds of Capgemini SE in the United States or any other
country. The bonds of Capgemini SE may not be offered or sold in
the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended.
Capgemini SE has not registered and does not intend to register the
offer referred to in this press release or any part thereof in the
United States or to make any public offer of its bonds in the
United States. The public offer referred to in this press release
is being made solely by the offeror referred to in this press
release. The public offer is not being made to (and no offer of
securities will be accepted from) bondholders established in any
jurisdiction (including the United States, Canada, Japan or
Australia) in which the launch of such an offer or its acceptance
would not comply with the provisions of the laws relating to
financial markets.
This press release may contain information that
may be deemed to be forward-looking statements concerning Capgemini
SE's financial condition, results of operations, business, strategy
and plans. Although Capgemini SE believes that such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, most of which are outside of
Capgemini SE's control, including risks relating to competition and
regulatory approvals, as well as the risks described in the
documents filed by Capgemini SE with the Autorité des Marchés
Financiers and available in English or French on Capgemini SE's
website (www.capgemini.com). Investors and security holders may
obtain a free copy of the documents filed by Capgemini SE with the
Autorité des Marchés Financiers at www.amf-france.org or directly
on Capgemini SE's website. The forward-looking statements contained
in this document are made as of the date hereof and Capgemini SE
reserves the right to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
About CapgeminiCapgemini is a
global leader in consulting, digital transformation, technology,
and engineering services. The Group is at the forefront of
innovation to address the entire breadth of clients’ opportunities
in the evolving world of cloud, digital and platforms. Building on
its strong 50-year+ heritage and deep industry-specific expertise,
Capgemini enables organizations to realize their business ambitions
through an array of services from strategy to operations. Capgemini
is driven by the conviction that the business value of technology
comes from and through people. Today, it is a multicultural company
of 270,000 team members in almost 50 countries. With Altran, the
Group reported 2019 combined revenues of €17 billion.Visit us at
www.capgemini.com. People matter, results count.
- Capgemini_-_2020-06-16_-_Altran_debt_refinancing
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