PRESS RELEASE – 05/26/2021
Wendel extends its bond debt maturities
- Launch of a €300 million 10-year bond problem
- Subsequent redemption of the bond maturing in April 2023 with excellent principal of €300 million
Wendel is launching right now a €300 million problem of 10-year bonds (the “Bond Challenge”).
Topic to the profitable completion of the Bond Challenge, Wendel will totally train the make-whole redemption provision, at a worth decided in accordance with the phrases and circumstances of the bonds, on the bond bearing curiosity at 1.000% and maturing in April 2023, with excellent principal quantity: €300 million (ISIN FR0013213709).
The 2023 bond is traded, and the brand new 2031 bond will likely be traded, on the regulated market of Euronext Paris.
These two transactions will allow Wendel to increase its debt maturity profile. Outcomes of the position of the Bond Challenge will likely be introduced by the tip of the day.
BNP Paribas, HSBC, Mediobanca and Societe Generale function lively bookrunners for the Bond Challenge in addition to CIC, Crédit Agricole CIB, Goldman Sachs and Natixis who function passive bookrunners.
Disclaimer
This press launch doesn’t represent a proposal, or an invite to use for, or a proposal or invitation to buy or subscribe for any securities both in america or in some other jurisdiction which can be topic to restrictions. These securities will not be provided or offered in america of America except they’re registered or exempt from registration underneath the US Securities Act of 1933, as amended.
This press launch is an commercial and never a prospectus throughout the which means of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”). A prospectus will likely be ready and made out there to the general public, in compliance with the Prospectus Regulation, for the aim of admitting the bonds to buying and selling on the regulated market of Euronext Paris.
This press launch doesn’t represent a proposal of securities in France or in some other nation. The bonds are the topic of a personal placement in France to certified traders as outlined in Article 2(e) of the Prospectus Regulation and in accordance with Article L.411-2 of the Financial and Monetary Code, and outdoors France. As of the date of this press launch, no prospectus associated to the position of the bonds has been authorized by a reliable authority of any European Financial Space Member State.
Wendel will undertake no motion as a part of this placement with a view to creating a proposal to the general public (aside from to certified traders) in France or overseas.
In the UK, this press launch could also be despatched to certified traders as outlined in Article 2(e) of the Prospectus Regulation because it types a part of UK home legislation by advantage of the European Union (Withdrawal) Act 2018 solely underneath circumstances whereby part 21(1) of the Monetary Providers and Markets Act 2000 doesn’t apply.
The dissemination of this press launch in any nation the place such dissemination might represent a violation of relevant laws is prohibited.
Agenda
06.29.2021
Annual Normal Assembly
07.29.2021
H1 2021 outcomes / Publication of NAV as of June 30, 2021, and condensed Half-12 months consolidated monetary statements (pre-market launch)
10.28.2021
Q3 2021 Buying and selling replace / Presentation of NAV as of September 30, 2021 (pre-market launch)
12.02.2021
2021 Investor Day / Assembly to happen within the morning
About Wendel
Wendel is one among Europe’s main listed funding corporations. The Group invests in Europe, North America and Africa in firms that are leaders of their area, comparable to Bureau Veritas, Cromology, Stahl, IHS, Constantia Flexibles and Disaster Prevention Institute. Wendel performs an lively function as a controlling or lead shareholder in these firms. We implement long-term growth methods, which contain boosting development and margins of firms in order to reinforce their main market positions.
Wendel is listed on Eurolist by Euronext Paris.
Commonplace & Poor’s scores: Lengthy-term: BBB, steady outlook – Quick-term: A-2 since January 25, 2019
Moody’s scores: Lengthy-term: Baa2, steady outlook – Quick-term: P-2 since September 5, 2018
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the humanities, Wendel acquired the excellence of “Grand Mécène de la Tradition” in 2012.
For extra data: wendelgroup.com
Observe us on Twitter @WendelGroup
- 2021_05_26_Wendel _Launch bond problem