Saturday 18 May 2024
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Groupe SEB announces success of €150m, 12 year private placement

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

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Demuslab

ECULLY, France – Groupe SEB announces 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.

La Cimbali

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.

Gimoka

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.

CIMBALI

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