Cergy, June 11th, 2019 - SPIE, the European leader in multi-technical services
in the areas of energy and communications, has announced today that it has
successfully placed a EUR600 million bond issue with a 7-year maturity and an
annual coupon of 2.625%. The proceeds will be used to refinance half of the
Group's existing senior credit facility, thus extending the average maturity of
This operation allows SPIE to take advantage of the current supportive market
conditions and will enhance the Group's debt structure by extending its average
maturity and increasing its fixed-rate component, while further diversifying
its sources of funding.
The issue was largely oversubscribed, reflecting institutional investors'
confidence in SPIE's credit quality, rated BB by Standard & Poor's and Ba3 by
The joint bookrunners of this transaction were BNP Paribas, Natixis and
Société Générale (acting together as Global Coordinators), Crédit Agricole
CIB, Commerzbank, HSBC and ING.
As the independent European leader in multi-technical services in the areas of
energy and communications, SPIE supports its customers to design, build,
operate and maintain energy-efficient and environmentally-friendly facilities.
With about 46,400 employees and a strong local presence, SPIE achieved in 2018
consolidated revenues of EUR6.7 billion and consolidated EBITA of EUR400
This press release is for information purposes only and does not constitute an
offer to sell or a solicitation to purchase any securities in any jurisdiction.
The securities referred to in this press release have not been and will not be
offered to the public. In France, a listing prospectus will be submitted to the
approval of the Autorité des marchés financiers for a listing of the Bonds on
the regulated market of Euronext Paris. Settlement-delivery remains subject to
this approval. This press release is not an offer for sale within the United
States of any security of SPIE or any of its affiliates. Securities of SPIE or
any of its affiliates may not be offered or sold in the United States absent
registration under the U.S. Securities Act of 1933, as amended, or unless
exempt from such registration. Release, publication or distribution of this
press release is forbidden in any jurisdiction where such release, publication
or distribution would violate applicable laws or regulations.
Group Communications Director
Tel. + 33 (0)1 34 41 81 11
Investor Relations Director
Tel. + 33 (0)1 34 41 80 72