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Compagnie Plastic Omnium SE
Capital/Financing Update • May 24, 2022
1603_iss_2022-05-24_6d3bbf87-079f-4ae7-af5b-5bdc1c96f55c.pdf
Capital/Financing Update
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Plastic Omnium successfully completes a new private placement Schuldschein for €400 million
Plastic Omnium finalized today a private placement governed by German law called Schuldschein for a total amount of 400 million euros.
In particular, the proceeds of this issue will help to anticipate the €300 million refinancing of the Schuldschein due in June 2023.
This private placement, without covenant, of maturities 3, 5 and 7 years, offers an average financing rate of 1.58%. It was arranged by BNP Paribas and Bayern LB.
The amount of the transaction has been increased to 400 million euros against 300 million euros initially planned and demonstrates the interest and confidence of investors in the strategy and strength of Plastic Omnium.
Kathleen Wantz-O'Rourke, Group Chief Financial and Information Officer, stated: "We are very pleased with this new Schuldschein private placement, which we have successfully completed thanks to a strong investors demand. This gives us greater financial flexibility while maintaining a healthy balance sheet."
About Plastic Omnium
A world leader, Plastic Omnium provides innovative solutions for a more connected and sustainable mobility. The Group develops and produces intelligent exterior systems, clean energy systems and customized complex modules. With €8 billion economic revenue in 2021, an international footprint of 137 plants and 31 R&D centers, Plastic Omnium relies on its 30,000 employees to meet the challenges of clean and smart mobility. Innovationdriven since its creation, Plastic Omnium is now paving the way for zero carbon mobility through its investments in hydrogen solutions, where the Group has ambitions to become world leader throughout the entire value chain.
Plastic Omnium is listed on Euronext Paris, compartment A, is eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570). www.plasticomnium.com
Contacts :
Investor Relations: Audrey Arnoux [email protected]
Press: Myriam MALAK [email protected]