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

Core Viewpoint - Rexel has successfully placed €400 million of its 4.000% unsecured senior notes due 2030, enhancing its financial structure and extending its debt maturity profile at favorable financing conditions [1][3][4]. Company Overview - Rexel is a global expert in multichannel professional distribution of products and services for the energy sector, addressing residential, non-residential, and industrial markets [7]. - The company operates over 1,950 branches in 17 countries and employs more than 27,000 people, with sales reported at €19.3 billion in 2024 [7]. Financial Details - The senior notes will mature on September 15, 2030, and are callable from September 2027, ranking pari passu with Rexel's senior credit facility and other senior unsecured notes [3]. - The expected ratings for the notes are Ba1 by Moody's and BB+ by S&P, both with a stable outlook [3]. Use of Proceeds - The proceeds from the issuance of the notes will be utilized for general corporate purposes [3].