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SPIE SA — Capital/Financing Update 2019
Jun 11, 2019
1681_iss_2019-06-11_366ff6a3-f98f-4323-8714-340f9962a369.pdf
Capital/Financing Update
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Press release
SPIE successfully places a €600 million bond
Cergy, June 11th, 2019 – 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 with a 7-year maturity and an annual coupon of 2.625%. The proceeds will be used to refinance half of the Group's existing senior credit facility, thus extending the average maturity of its debt.
This operation allows SPIE to take advantage of the current supportive market conditions and will enhance the Group's debt structure by extending its average maturity and increasing its fixed-rate component, while further diversifying its sources of funding.
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.
The joint bookrunners of this transaction were BNP Paribas, Natixis and Société Générale (acting together as Global Coordinators), Crédit Agricole CIB, Commerzbank, HSBC 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 about 46,400 employees and a strong local presence, SPIE achieved in 2018 consolidated revenues of €6.7 billion and consolidated EBITA of €400 million.
Press contacts
SPIE Pascal Omnès Group Communications Director Tel. + 33 (0)1 34 41 81 11 [email protected]
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.brunswickgroup.com
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.
Press contacts
SPIE Pascal Omnès Group Communications Director Tel. + 33 (0)1 34 41 81 11 [email protected]
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.brunswickgroup.com