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Kaufman & Broad SA — Capital/Financing Update 2017
May 17, 2017
1458_iss_2017-05-17_02510764-292e-4809-93a9-18adafea426d.pdf
Capital/Financing Update
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This press release is not to be published, transmitted or distributed, directly or indirectly, in the United States, Australia, Canada or Japan.
INAUGURAL "EURO PP" ISSUE OF € 150 MILLION
Neuilly-sur-Seine, May 18 th, 2017
Kaufman & Broad announces that it has issued his first "EuroPP" bond of € 150 million in a private placement to institutional investors in Europe. This private placement breaks down into € 50 million at 7 years (maturing in May 2024) and € 100 million at 8 years (maturing in May 2025).
The bonds issued will be admitted to trading on the Marché Libre of Euronext Paris under the ISIN codes FR0013256328 and FR0013256336
This bond issue will be used to refinance the existing bank debt up to € 100 million and provide the Group with new financial resources to support its growth.
This transaction will also enable the Group to diversify its sources of financing, benefit from favorable market conditions and substantially extend the average maturity of its debt.
This press release is available from the website www.kaufmanbroad.fr
- Next regular publication date : July 11th, 2017: Publication of the first half 2017 results (after market close)
- Contacts
Chief Financial Officer Bruno Coche
+33 1.41.43.44 73 [email protected]
Press Relations Camille Petit Burson-Marsteller +33 1.56 03 12 80 [email protected]
About Kaufman & Broad - For nearly 50 years, Kaufman & Broad has been designing, developing, building and selling singlefamily homes in communities, apartments, and offices on behalf of third parties. Its size and profitability, combined with its strong brand name, have made Kaufman & Broad one of France's leading developer-homebuilders.
Disclaimer
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities in any jurisdiction. The securities referred to in this press release have not been and will not be offered to the public.
This press release is not an offer for sale within the United States of any security of Kaufman & Broad or any of its affiliates. Securities of Kaufman & Broad or any of its affiliates may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or unless exempt from such registration.
Release, publication or distribution of this press release is forbidden in any jurisdiction where such release, publication or distribution would violate applicable laws or regulations.