Compagnie de Saint-Gobain Issue of Debt (0068I)
30 Marzo 2020 - 12:07AM
UK Regulatory
TIDMCOD
RNS Number : 0068I
Compagnie de Saint-Gobain
30 March 2020
PRESS RELEASE
March 30, 2020
Saint-Gobain FURTHER REINFORCES ITS financing:
EUR1.5 billion bond issue and
syndicated credit line adjusted to EUR2 billion
On March 26, Saint-Gobain launched a dual tranche EUR1.5 billion
bond issue consisting of:
-- EUR750 million with a 3 year maturity and a 1.75% coupon
-- EUR750 million with a 7 1/2 year maturity and a 2.375%
coupon
Despite the volatile context, the final order book totalled over
EUR8 billion from over 300 investors, which underlines bond
investors' confidence in the credit quality of Saint-Gobain.
Saint-Gobain's long-term senior debt is rated BBB by Standard
& Poor's and Baa2 by Moody's.
BNP Paribas, CA-CIB, Citi, J.P. Morgan, Natixis and Société
Générale acted as bookrunners for this bond issue.
This transaction enables Saint-Gobain to further reinforce its
liquidity, with longer maturity debt. Following the bond issue, the
syndicated credit line announced on March 23 will be reduced from
EUR2.5 billion to EUR2.0 billion. With these two transactions
Saint-Gobain secures EUR3.5 billion in new financing, compared to
EUR2.5 billion as of March 23.
This new financing is in addition to the confirmed and undrawn
back-up credit lines of EUR4.0 billion and access to the Pandemic
Emergency Purchase Program (PEPP) launched by the European Central
Bank.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR42.6 billion in sales in 2019
Operates in 68 countries
More than 170,000 employees
For more information about Saint-Gobain
Visit www.saint-gobain.com
and follow us on Twitter @saintgobain
Analyst/Investor relations Press relations
+33 1 47 62 +33 1 47 62 30
44 29 10
+33 1 47 62 +33 1 47 62
Vivien Dardel 35 98 Laurence Pernot 51 37
Floriana Michalowska +33 1 47 62 Patricia Marie +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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