SUEZ SUCCESSFULLY PLACES SENIOR BONDS FOR A TOTAL AMOUNT OF EUR 1.2 BILLION
IN CONNECTION WITH THE FINANCING OF GE WATER ACQUISITION
Following the announcement on March 8th of the project to acquire GE Water &
Process Technologies together with Caisse de dépôt et placement du Québec
(CDPQ), SUEZ announced today it has successfully priced an offering of EUR 1.2
billion senior unsecured notes that constitutes the first step in refinancing
The offering consists of 2 tranches issued under SUEZ EMTN program :
- EUR500 million of notes due April 3rd, 2025, with an annual coupon of 1.00%
- EUR700 million of notes due April 3rd, 2029, with an annual coupon of 1.50%
The net proceeds of the bond issue will be used to early refinance a portion of
the bridge financing facility implemented in the context of the acquisition.
The settlement of the offering is expected to occur on April, 3rd.
The bonds are expected to be rated A3 with stable outlook by Moody's in line
with the rating of SUEZ.
We are at the dawn of the resource revolution. In a world facing high
demographic growth, runaway urbanisation and the shortage of natural resources,
securing, optimising and renewing resources is essential to our future. SUEZ
(Paris: SEV, Brussels: SEVB) supplies drinking water to 92 million people,
delivers wastewater treatment services to 65 million, recovers 16 million tons
of waste each year and produces 7 TWh of local and renewable energy. With
82,536 employees, SUEZ, which is present on all five continents, is a key
player in the sustainable management of resources. SUEZ generated total
revenues of EUR15.3 billion in 2016.
Siège social - Tour CB21 - 16 place de l'iris, 92040 Paris La Défense Cedex,
France - Tel : +33 (0)1 58 81 20 00 - www.suez-environnement.fr
SA au capital de 2 262 310 296 euros - Siren 433 466 570 RCS NANTERRE -
TVA FR 76433 466 570