Rexel: REXEL LAUNCHES A SENIOR NOTES OFFERING FOR A NOMINAL AMOUNT OF €400 MILLION

Core Viewpoint - Rexel has announced a senior notes offering for a nominal amount of €400 million, which aims to enhance its financial structure and extend its debt maturity profile at favorable financing conditions [1][2]. Company Overview - Rexel is a global expert in multichannel professional distribution of products and services for the energy sector, operating in three main markets: residential, non-residential, and industrial [6]. - The company has a network of over 1,950 branches across 17 countries and employs more than 27,000 people [6]. - Rexel reported sales of €19.3 billion in 2024 [6]. Financial Details - The senior unsecured notes will be due in 2030 and are callable at Rexel's discretion starting from September 2027 [1]. - Proceeds from the notes will be used for general corporate purposes [2]. - The notes are expected to be rated by Moody's and Standard & Poor's, with announcements from the rating agencies anticipated shortly [3]. Regulatory and Market Information - The offering will be conducted exclusively for investors outside the United States and is expected to be listed on the Luxembourg Stock Exchange (Euro MTF) [2]. - In France, the sale will be limited to qualified investors, with no public offering planned [5][20]. - The notes are directed only at relevant persons in the United Kingdom and will not be available to retail investors [21][22]. Additional Information - Rexel is listed on the Eurolist market of Euronext Paris and is included in various indices recognizing its performance in Corporate Social Responsibility (CSR) [7].