Success for Legrand’s New Euro Bond Issue
June 29 2017 - 12:47PM
Business Wire
Regulatory News:
Legrand (Paris:LR) today successfully launched a bond issue for
a total of one billion euros in two tranches of 500 million euros
each, with maturities of 7 and 15 years. The respective maturity
dates of these two tranches are July 6, 2024 and July 6, 2032 and
their annual coupons are respectively 0.750% and 1.875%.
Legrand will use this bond issue to finance its
acquisition1 of Milestone AV Technologies LLC2, a US
frontrunner in the high-value segment of Audio-Video infrastructure
and power.
With the order book subscribed three times over, this totally
successful new issuance demonstrates once again investors’
confidence in the soundness of Legrand’s business model as well as
the quality of its financial structure, and will allow the Group to
pursue the extension of its debt’s maturity.
------------------------
1 Subject to standard conditions precedent.2 The press release
and the presentation published on June 28, 2017 following the
announcement of Milestone AV Technologies LLC’s acquisition by
Legrand are available on the Group’s website www.legrand.com
KEY FINANCIAL DATES
- 2017 first-half results: July 31,
2017“Quiet period1” starts July 3, 2017
- 2017 nine-month results: November 7,
2017 “Quiet period1” starts October 7, 2017
ABOUT LEGRAND
Legrand is the global specialist in electrical and digital
building infrastructures. Its comprehensive offering of solutions
for commercial, industrial and residential markets makes it a
benchmark for customers worldwide. Drawing on an approach that
involves all teams and stakeholders, Legrand is pursuing its
strategy of profitable and sustainable growth driven by
acquisitions and innovation, with a steady flow of new
offerings—including Eliot* connected products with enhanced value
in use. Legrand reported sales of more than €5 billion in 2016. The
company is listed on Euronext Paris and is a component stock of
indexes including the CAC 40, FTSE4Good, MSCI World, Corporate
Oekom Rating, DJSI World, Vigeo Euronext Eurozone 120, Europe
120-France 20 and World 120, and Ethibel Sustainability Index
Excellence.(ISIN FR0010307819).http://www.legrand.com
*Eliot is a program launched in 2015 by Legrand to speed up
deployment of the Internet of Things in its offering. A result of
the group’s innovation strategy, the Eliot program aims to develop
connected and interoperable solutions that deliver lasting benefits
to private individual users and
professionals.http://www.legrand.com/EN/eliot-program_13238.html
This announcement is not an offer of the bonds for sale in the
United States. The bonds may not be offered or sold in the United
States or to, or for the account or the benefit of U.S. Persons (as
defined in Regulation S of the US Securities Act of 1933, as
amended, the “Securities Act”) without registration except
pursuant to an ex exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act. Legrand
has not registered and does not intend to register all or any part
of the offering in the United States or to conduct a public
offering in the United States.
1 Period of time when all communication is suspended in the
run-up to publication of results.
NOT FOR DISTRIBUTION IN THE UNITED STATES,
JAPAN, CANADA OR AUSTRALIA
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Investor relationsLegrandFrançois PoissonTel: +33 (1) 49
72 53 53francois.poisson@legrand.frorPress relationsPublicis
ConsultantsVilizara LazarovaTel: +33 (0)1 44 82 46 34Mob: +33 (0)6
26 72 57 14vilizara.lazarova@consultants.publicis.frorEloi
PerrinTel: +33 (0)1 44 82 46 36Mob: +33 (0)6 81 77 76
43eloi.perrin@consultants.publicis.fr
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