Capital/Financing Update • Feb 24, 2015
Capital/Financing Update
Open in ViewerOpens in native device viewer
February 24, 2015
Edenred today announced the launch of an offer to repurchase part of its 3.625% bond issue due October 2017 for cash.
The operation will be followed by a new bond issue in euros, with a long maturity, in an amount at least equivalent to that invested in the Tender Offer. It is intended that the existing notes repurchased pursuant to the tender offer be exchanged with the newly issued bonds, and then upon their transfer to Edenred, immediately cancelled.
The objective is to extend the average life of the Group's debt.
Crédit Agricole-CIB and Société Générale are acting as global coordinators and presenters of the Tender Offer. Barclays Bank PLC, BNP Paribas, HSBC Bank PLC and Banco Santander S.A. are acting as dealer managers.
This press release is for information purposes only and is not an offer to sell securities or a solicitation to buy securities in any jurisdiction. The securities mentioned in this press release were not and will not be offered through a public offering and no related documents will be distributed to the public in any jurisdiction.
The circulation, publication or distribution of this press release is forbidden in any country where such circulation, publication or distribution would be an infringement of applicable laws and regulations.
This press release cannot be published, distributed or transmitted in the United States (including its territories and dependencies, any State of the United States and the District of Columbia). The securities mentioned in this press release were not and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or under any law of any State of the United States, and will not be offered or sold in the United States of America except pursuant to an exemption or within the scope of an operation exempted from the registration requirements of the Securities Act or of the laws of the United States and within the scope of offshore transactions, in accordance with Regulation S of the Securities Act. Edenred does not intend to register the offering, wholly or partly, in the United States or to conduct a public offering in the United States.
Edenred, which invented the Ticket Restaurant® meal voucher and is the world leader in prepaid corporate services, designs and manages solutions that improve the efficiency of organizations and purchasing power to individuals.
By ensuring that allocated funds are used specifically as intended, these solutions enable companies to more effectively manage their:
The Group also supports public institutions in managing their social programs.
Listed on the Euronext Paris stock exchange, Edenred operates in 42 countries, with more than 6,000 employees, nearly 660,000 companies and public sector clients, 1.4 million affiliated merchants and 41 million beneficiaries. In 2014, total issue volume amounted to €17.7 billion, of which almost 60% was generated in emerging markets.
Ticket Restaurant® and all other tradenames of Edenred products and services are registered trademarks of Edenred SA.
Follow Edenred on Twitter: @Edenred
Anne-Sophie Sibout +33 (0)1 74 31 86 11 [email protected]
Domitille Pinta +33 (0)1 74 31 86 27 [email protected]
Virginie Monier +33 (0)1 74 31 86 16 [email protected]
Aurélie Bozza +33 (0)1 74 31 84 16 [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.