Successful Bond Issue for Teleperformance
20 Novembre 2020 - 6:24PM
Business Wire
Teleperformance has successfully completed a €500 million 7-year
bond issue
Regulatory News:
Teleperformance (Paris:TEP), a leading global group in digitally
integrated business services today announced it has successfully
completed a €500 million bond issue, maturing in 2027, with an
annual coupon of 0.25%.
This is the first issue carried out by Teleperformance under an
EMTN (Euro Medium Term Note) program approved by the French
financial markets authority (Autorité des marchés financiers). The
net proceeds of the issue will be used to meet the company's
general financing needs and to refinance the Health Advocate
acquisition, which is expected to be completed in first-quarter
2021. The transaction will also allow Teleperformance, now a
regular bond issuer, to reduce its financing costs, extend the
maturity of its debt profile and diversify its financial
resources.
The success of this issue under exceptional conditions, more
than three times oversubscribed by a diversified, high-quality
investor base, confirms the market’s confidence in the
creditworthiness of the Group. Standard & Poor’s has recently
confirmed Teleperformance’s investment grade rating of BBB-, with a
stable outlook, the highest credit rating received in the customer
experience management industry.
BNP Paribas, Crédit Agricole CIB, HSBC and Société Générale
acted as active joint lead managers.
Olivier Rigaudy, Teleperformance Deputy Chief Executive
Officer and Chief Financial Officer, said: “The success of this
third bond issue reflects the continuity of our refinancing
operations under very attractive rate conditions while extending
the maturity of our debt profile. It also reflects, once again, the
strength of Teleperformance's development model, its resilience as
well as the quality of its financial structure.”
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ABOUT TELEPERFORMANCE GROUP
Teleperformance (TEP – ISIN: FR0000051807 – Reuters: TEPRF.PA
- Bloomberg: TEP FP), a leading global group in digitally
integrated business services, serves as a strategic partner to
the world’s largest companies in many industries. It offers a One
Office support services model combining three wide, high-value
solution families: customer experience management, back-office
services and business process knowledge services. These end-to-end
digital solutions guarantee successful customer interaction and
optimized business processes, anchored in a unique, comprehensive
high tech, high touch approach. The Group's 331,000 employees,
based in 80 countries, support billions of connections every year
in over 265 languages and 170 markets, in a shared commitment to
excellence as part of the “Simpler, Faster, Safer” process. This
mission is supported by the use of reliable, flexible, intelligent
technological solutions and compliance with the industry’s highest
security and quality standards, based on Corporate Social
Responsibility excellence.
In 2019, Teleperformance reported consolidated revenue of €5,355
million (US$ 6 billion, based on €1 = $1.12) and net profit of €400
million.
Teleperformance shares are traded on the Euronext Paris market,
Compartment A, and are eligible for the deferred settlement
service. They are included in the following indices: CAC 40, CAC
Support Services, STOXX 600, S&P Europe 350 and MSCI Global
Standard. In the area of corporate social responsibility,
Teleperformance shares have been included in the Euronext Vigeo
Eurozone 120 index since 2015, the FTSE4Good index since 2018 and
also the Ethibel Sustainability Excellence Europe index (confirmed
in 2019).
For more information: www.teleperformance.com / Follow us on
Twitter: @teleperformance
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version on businesswire.com: https://www.businesswire.com/news/home/20201120005631/en/
FINANCIAL ANALYSTS AND INVESTORS Investor relations and
financial communication department TELEPERFORMANCE Tel: +33 1 53 83
59 15 investor@teleperformance.com
PRESS RELATIONS Europe Laurent Poinsot – Karine
Allouis IMAGE7 Tel: +33 1 53 70 74 70 teleperformance@image7.fr
PRESS RELATIONS Americas and Asia-Pacific Mark
Pfeiffer TELEPERFORMANCE Tel: + 1 801-257-5811
mark.pfeiffer@teleperformance.com
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