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Capgemini SE — Capital/Financing Update 2015
Jun 30, 2015
1177_iss_2015-06-30_313aae1d-004b-4a4f-9e54-533aa552b711.pdf
Capital/Financing Update
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Press relations: Christel Lerouge Tel: +33 1 47 54 50 71 Investors' relations: Vincent Biraud Tel: +33 1 47 54 50 87
This press release may not be distributed or sent into the United States, Canada, Australia or Japan.
Capgemini completes the financing of the acquisition of IGATE with the successful placement of bonds for a total amount of €2.75 billion
Paris, June 30, 2015 – Capgemini announced today that it has completed the financing of the proposed acquisition of IGATE Corporation, a prominent US-listed technology and services company, announced on April 27th , 2015. The acquisition will be financed through a combination of available cash, the €0.5 billion proceeds from the capital increase launched on June 9 th and from the successful placement on June 24th of senior unsecured notes for a total amount of €2.75 billion.
For Aiman Ezzat, Capgemini Chief Financial Officer: "The strong interest sparked by the capital increase and the bond issue demonstrates investors' confidence in the quality of Capgemini financial profile. It also illustrates the support to our strategy and our decision to strengthen our position in North America through the IGATE acquisition."
The €2.75 billion bond issue, settling on July 1st 2015, consists of 3 tranches:
- €500 million of notes due July 2nd , 2018, with a quarterly coupon of 3-month-Euribor plus 85bp (issue price 100%)
- €1.25 billion of notes due July 1st , 2020, with an annual coupon of 1.750%, (issue price 99.853%)
- €1 billion of notes due July 1st , 2023, with an annual coupon of 2.500%, (issue price 99.857%)
The bonds are rated BBB with stable outlook by Standard & Poor's, in line with the rating of Capgemini.
Copies of the bond prospectus, having received the visa number 15-318 of the French Financial Markets Authority (Autorité des Marchés Financiers, AMF) on June 29, may be obtained free of charge from the head office of Cap Gemini S.A., the parent company of the Capgemini Group. The prospectus may also be consulted on the Capgemini website (www.capgemini.com) and the AMF website (www.amf-france.org).
Barclays, Morgan Stanley and Société Générale CIB acted as Global Coordinators and Joint Lead Managers for the offering. BNP Paribas, Citigroup, J.P.Morgan, Natixis, The Royal Bank of Scotland, Crédit Agricole CIB, Commerzbank AG, ING and Santander acted as Joint Lead Managers.
Disclaimer
This press release and the information contained herein do not constitute an offer to sell or subscribe, nor a solicitation of an order to purchase or subscribe the notes in any country, in particular in the United States. The distribution of this press release may be restricted in some countries and persons in possession of this press release should inform themselves about and comply with any applicable restrictions.
These materials are not an offer for sale of the notes in the United States or in any other jurisdiction. The notes may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Capgemini does not intend to register any portion of the offering in the United States or to conduct a public offering of the notes in the United States.
This press release contains information which could be deemed as forward-looking with respect to Capgemini's financial condition, results of operations, business, strategy or plans. Although Capgemini believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to the risks regarding antitrust and regulatory approval as well as the risks described in the documents Capgemini has filed with the Autorité des Marchés Financiers (French financial markets authority) and which are also available in English and French on our website (www.capgemini.com). Investors and security holders may obtain a free copy of the documents filed by Capgemini with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Capgemini.
The present forward-looking statements are made as of the date of this presentation and Capgemini did not disclaim any intention or obligation to provide, update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Capgemini
With more than 145,000 people in over 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2014 global revenues of EUR 10.573 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.
More information on: www.capgemini.com Rightshore® is a brand of Capgemini Group