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SPIE SA — Capital/Financing Update 2017
Mar 16, 2017
1681_iss_2017-03-16_174733d5-1fc1-4b96-8c32-d4ff9d843836.pdf
Capital/Financing Update
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Press release
SPIE successfully places a €600 million bond
Cergy, March 16th, 2017 – SPIE, the European leader in multi-technical services in the areas of energy and communications, has announced today that it has successfully placed a €600 million bond issue on March 15th, 2016. The issue will be used to finance the acquisition of SAG, the German leader of energy infrastructure services, announced on December 23rd, 2016.
SPIE makes a successful return to the bond market, issuing a €600 million fixed-rate, eurodenominated bond, with a 7-year maturity and an annual coupon of 3.125%. The bond will be listed on the regulated market of Euronext Paris.
The issue was largely oversubscribed, reflecting institutional investors' confidence in SPIE's credit quality, rated BB by Standard & Poor's and Ba3 by Moody's.
This operation allows SPIE to take advantage of the current supportive market conditions, and will enhance the Group's debt structure by diversifying its sources of funding and extending its average maturity.
The joint bookrunners of this transaction were HSBC, Natixis and SG CIB (acting together as Global Coordinators), and BNP Paribas, Crédit Agricole CIB and ING.
About SPIE
As the independent European leader in multi-technical services in the areas of energy and communications, SPIE supports its customers to design, build, operate and maintain energy-efficient and environmentally-friendly facilities.
With 38,000 employees working from close to 600 sites in 38 countries, SPIE achieved in 2015 consolidated revenues of €5.3 billion and consolidated EBITA of €351 million.
SPIE Pascal Omnès Group Communications Director Tel. + 33 (0)1 34 41 81 11 [email protected]
Contacts presse
SPIE Thomas Guillois Investor Relations Director Tel. + 33 (0)1 34 41 80 72 [email protected]
Brunswick Agnès Catineau Tel. + 33 (0)1 53 96 83 84 [email protected]
www.spie.com https://www.facebook.com/SPIEgroup http://twitter.com/spiegroup
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. In France, a listing prospectus will be submitted to the approval of the Autorité des marchés financiers for a listing of the Bonds on the regulated market of Euronext Paris. Settlement-delivery remains subject to this approval. This press release is not an offer for sale within the United States of any security of SPIE or any of its affiliates. Securities of SPIE 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.
SPIE
Pascal Omnès Group Communications Director Tel. + 33 (0)1 34 41 81 11 [email protected]
Contacts presse
SPIE Thomas Guillois Investor Relations Director Tel. + 33 (0)1 34 41 80 72 [email protected]