L’Oréal successfully prices a 2 Billion euro dual tranche bond
11 Mai 2023 - 07:03PM
L’Oréal successfully prices a 2 Billion euro dual tranche bond
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN
OR AUSTRALIA
L’ORÉAL SUCCESSFULLY PRICES A 2
BILLION EURO DUAL TRANCHE BOND
Clichy, 11 May 2023 – L’Oréal today announces
that it has successfully priced a public bond offering for an
aggregate nominal amount of €2.0 billion under a €5.0 billion EMTN
program.
The offering is composed of two tranches:
- A €1.0 billion 2-year fixed rate bond paying a coupon of 3,125
% p.a.
- A €1.0 billion 5-year fixed rate bond paying a coupon of 2,875
% p.a.
The new issuance has benefitted from an exceptional market
reception with total demand of €4,5 billion, just over 2,2 times
the combined volume of the offering.
The net proceeds of the bonds will be used for general corporate
purposes including the acquisition of Aēsop.
The bonds, which are rated AA (Stable) by S&P and Aa1
(Stable) by Moody’s, will be admitted to trading on Euronext Paris
from the settlement date, which is scheduled to take place on 19
May 2023.
BNP Paribas, Citi, HSBC, J.P. Morgan, and Santander are acting
as Global Coordinators. BNP Paribas, Citi, Crédit Agricole CIB,
HSBC, J.P. Morgan, Natixis, Santander, and Société Générale are
acting as Active Joint Bookrunners.
About L’Oréal
For over 110 years, L’Oréal, the world’s leading beauty player,
has devoted itself to one thing only: fulfilling the beauty
aspirations of consumers around the world. Our purpose, to create
the beauty that moves the world, defines our approach to beauty as
inclusive, ethical, generous and committed to social and
environmental sustainability. With our broad portfolio of 36
international brands and ambitious sustainability commitments in
our L’Oréal for the Future programme, we offer each and every
person around the world the best in terms of quality, efficacy,
safety, sincerity and responsibility, while celebrating beauty in
its infinite plurality.
With 87 400 committed employees, a balanced geographical
footprint and sales across all distribution networks (e-commerce,
mass market, department stores, pharmacies, hair salons, branded
and travel retail), in 2022 the Group generated sales amounting to
38.26 billion euros. With 20 research centers across 11 countries
around the world and a dedicated Research and Innovation team of
over 4 000 scientists and 5 500 tech and digital professionals,
L’Oréal is focused on inventing the future of beauty and becoming a
Beauty Tech powerhouse.
More information on https://www.loreal.com/en/mediaroom
"This press release does not constitute an offer of sale or
solicitation of an offer to purchase L'Oréal shares. If you wish to
obtain more comprehensive information about L'Oréal, please refer
to the public documents registered in France with the Autorité des
Marchés Financiers, also available in English on our website
www.loreal-finance.com.
This press release may contain forecast information. While the
Company believes that these statements are based on reasonable
assumptions as of the date of publication of this press release,
they are by nature subject to risks and uncertainties which may
lead to a discrepancy between the actual figures and those
indicated or suggested in these statements.”
CONTACTS L’ORÉAL
Switchboard
+33 (0)1 47 56 70 00
Individual shareholders and market
regulators
Pascale GUERIN
+33 (0)1 49 64 18 89 Pascale.guerin@loreal.com
Financial analysts and institutional
investors
Françoise LAUVIN
+33 (0)1 47 56 86 82
Francoise.lauvin@loreal.com
Media
Noëlle CAMILLERI
+33 (0)6 79 92 99 39
Noelle.camilleri@loreal.com
Christine BURKE
+33 (0)6 75 54 38 15
Christine.burke@loreal.com
For further information, please contact your bank, stockbroker
of financial institution (I.S.I.N. code: FR000012031) and
consult your usual newspapers or magazines or the Internet site for
shareholders and investors, www.loreal-finance.com, the L’Oréal
Finance app or call the toll-free number from France: 0 800 66 66
66. 0 800 66 66 66
Follow us on Twitter @lorealgroupe
www.loreal.com
- Bond Press Release - May 11 2023 - EN
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