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Elis successfully priced a 350 million euros note issuance under its EMTN Programme
Globenewswire· 2025-08-26 15:40
Core Viewpoint - Elis has successfully priced a €350 million issuance of senior unsecured notes under its EMTN Programme, reflecting strong investor confidence in the company's business model and future prospects [2][3]. Group 1: Financial Details - The notes have a maturity of 6 years and carry a fixed annual coupon of 3.375% [2]. - The net proceeds from this issuance will primarily be used to refinance existing notes amounting to €350 million that are due on February 15, 2026 [3]. Group 2: Market Reception - The transaction received an extremely positive reception, indicated by strong investor demand and tight pricing, showcasing confidence in the resilience of Elis's business model [3]. Group 3: Strategic Context - This issuance is part of Elis's active refinancing strategy and aligns with the company's cash allocation policy announced in March 2025 [3]. Group 4: Underwriting Syndicate - The bond placement was managed by a syndicate of nine banks, including Banco Bilbao Vizcaya Argentaria, Crédit Agricole CIB, and HSBC among others [4]. Group 5: Company Overview - Elis is recognized as a leader in circular services, utilizing a rental-maintenance model enhanced by traceability technologies to meet customer needs in protection, hygiene, and well-being while supporting environmental objectives [5].