Elis successfully priced a €300 million note issuance under its EMTN Programme
17 Mai 2022 - 05:48PM
Elis successfully priced a €300 million note issuance under its
EMTN Programme
Elis successfully priced a €300 million
note issuance under its EMTN
Programme
Saint-Cloud, May 17, 2022 –
Elis announces today that it has successfully priced the issue of
€300 million aggregate principal amount of senior unsecured notes
under its EMTN (Euro Medium Term Notes) Programme. The maturity of
the notes is 5 years and the notes carry a fixed annual coupon of
4.125%. The very positive response given to this issue, with a
final orderbook above €3 billion, which represents a subscription
over 10 times, demonstrates the reinforced confidence from
investors in the Group’s business model resilience and strong
outlook for 2022, supported by the significant activity rebound in
Hospitality.
The net proceed of the issue would be dedicated
to the refinancing of the €450 million aggregate principal amount
of notes due 15 February 2023. This transaction, which is part of
the Group’s active refinancing strategy, will allow to extend the
average maturity of the company indebtedness.
The placement of the bonds was carried out by a
syndicate of seven banks: Crédit Agricole Corporate and Investment
Bank, Danske Bank, Deutsche Bank, HSBC, La Banque Postale, Natixis
and Société Générale.
This announcement is not an offer to sell or a
solicitation of an offer to buy the securities mentioned herein in
any jurisdiction where such offer or sale would be unlawful. In
particular, this announcement should not be published, distributed
or released in the United States, in Australia or in Japan.
Securities may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons
unless they are registered under the Securities Act or an
exemption from the registration requirements of the Securities
Act is available. The securities mentioned in this
announcement have not been and will not be registered under the
Securities Act, and Elis has no intention to register any
securities referred to herein in the United States or to make a
public offering of the securities in the United States.
Contact
Nicolas BuronInvestor Relations Director –
Phone: +33 1 75 49 98 30 - nicolas.buron@elis.com
- 20220517 - Elis - €300 million note issuance
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