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SEB S.A. Capital/Financing Update 2024
1637_iss_2024-04-15_1de2e666-5402-4ecd-9f41-9a0fc7b75ec9.pdf
Capital/Financing Update
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Monday April 15, 2024 - 6.00 pm
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GROUPE SEB CONTINUES TO STRENGTHEN ITS FINANCIAL STRUCTURE WITH A €150M FINANCING OVER 12 YEARS
Groupe SEB is pleased to announce the success of a €150m, 12-year private placement, with leading institutional investors.
The placement comes without financial covenants and is SEB's first with a maturity of more than 10 years, enabling it to extend the average maturity of its debt.
It reflects investors' confidence in Groupe SEB's long-term strategy and prospects, following the oversubscribed Schuldschein financing of €650m in December 2023 and a €495m Club Deal arranged with its relationship banks in March 2024.
This institutional private placement further diversifies Groupe SEB's sources of financing.
The issuance was made on favorable terms, with a fixed interest rate of 5.0%. Meanwhile, Groupe SEB is actively managing its interest-rate risk to optimize its financial expenses by benefiting from falling interest rates while being hedged against any potential rises.
The proceeds of this issuance, settled on 3 April 2024, will be used to cover Groupe SEB's general corporate needs and notably contributing to the repayment of the €500m bond issue maturing in May 2024.
The bonds issued are listed on Euronext Access.
Société Générale arranged the transaction.
Next key dates – 2024
| April 25 after market closes | Q1 2024 sales and financial data |
|---|---|
| May 23 2:30 p.m. | Annual General Meeting |
| July 25 before market opens | H1 2024 sales and results |
| October 24 after market closes | 9-month 2023 sales and financial data |
Investor/Analyst Relations Groupe SEB
Financial Communication and IR Dept
Raphaël Hoffstetter Guillaume Baron
Tel. +33 (0) 4 72 18 16 04
Media Relations
Groupe SEB Corporate Communication Dept
Cathy Pianon Anissa Djaadi Marie Leroy
Tel. + 33 (0) 6 33 13 02 00 Tel. + 33 (0) 6 88 20 90 88 Tel. +33 (0) 6 76 98 87 53
Image Sept Caroline Simon
Claire Doligez Isabelle Dunoyer de Segonzac
Tel. +33 (0) 1 53 70 74 70
Find us on www.groupeseb.com
World reference in small domestic equipment and professional coffee machines, Groupe SEB operates with a unique portfolio of 35 top brands including Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, marketed through multi-format retailing. Selling more than 400 million products a year, it deploys a long-term strategy focused on innovation, international development, competitiveness and client service. Present in over 150 countries, Groupe SEB generated sales of €8 billion in 2023 and has more than 31,000 employees worldwide.
SEB SA
SEB SA - No. RCS 300 349 636 RCS LYON – with a share capital of €55,337,770 – Intracommunity VAT: FR 12300349636
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