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BRIEF-Rexel launches 300 million euros notes offering
February 27, 2017 / 7:41 AM / 7 months ago

BRIEF-Rexel launches 300 million euros notes offering

Feb 27 (Reuters) - Rexel:

* Rexel launches 300 million euros ($316.9 million) notes offering

* Notes, callable at Rexel’s discretion as from March 2020, will rank pari passu with Rexel’s senior credit facility and other senior unsecured notes

* Will use proceeds of issuance of notes to redeem all or part of 5.250 percent senior US$ notes due June 2020 issued by Rexel on April 3, of which $330,000,000 remain outstanding

* Expects to redeem outstanding 2020 notes on or about June 15, 2017

* Can elect not to redeem 2020 notes if it does not issue notes or if there is a material adverse change in financial markets Source text for Eikon: Further company coverage: ($1 = 0.9466 euros) (Gdynia Newsroom)

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