Adecco SA Issue of Debt
May 07 2020 - 12:01AM
UK Regulatory
Dow Jones received a payment from Newsbox to publish this press
release.
Issue of Debt
The Adecco Group issued CHF 225 million Notes
Zurich, Switzerland, 7 May 2020: The Adecco Group, the world's leading HR
solutions partner, successfully issued CHF 225 million Senior Fixed-Rate
5.5-year Notes with a coupon of 0.875%.
Yesterday, the Adecco Group successfully issued CHF 225 million of 0.875% notes
due 27 November 2025. The notes were issued by Adecco Group AG, within the
framework of Adecco Group's Euro Medium-Term Note Programme. The proceeds will
be used for general corporate purposes.
The details of the notes are as follows:
+-----------------+----------------+
| | |
| | |
| | |
| | |
|2025 notes | |
+-----------------+----------------+
|Principal amount:|CHF 225 million |
+-----------------+----------------+
|Coupon: |0.875% p.a. |
+-----------------+----------------+
|Maturity: |27 November 2025|
+-----------------+----------------+
|Issue price: |100.102% |
+-----------------+----------------+
|Redemption price:|100% |
+-----------------+----------------+
The settlement date for the notes is 27 May 2020.
Adecco Group AG is currently rated as follows by the international rating
agencies:
Moody's (Baa1 stable)
Standard & Poor's (BBB+ stable)
This represents the largest of the three CHF notes outstanding for the Group
after the CHF 125 million which matures in December 2020 and the CHF 100 million
which matures in 2026.
For further information please contact:
The Adecco Group Investor Relations
investor.relations@adeccogroup.com or +41 (0) 44 878 88 88
The Adecco Group Press Office
media@adeccogroup.com or +41 (0) 44 878 87 87
adeccogroup.com
Facebook: facebook.com/theadeccogroup
Twitter: @AdeccoGroup
Financial Agenda
· Q2 2020 results 6 August 2020
· Q3 2020 results 3 November 2020
· Capital Markets Day 2 December 2020
Forward-looking statements
Information in this release may involve guidance, expectations, beliefs, plans,
intentions or strategies regarding the future. These forward-looking statements
involve risks and uncertainties. All forward-looking statements included in this
release are based on information available to Adecco Group AG as of the date of
this release, and we assume no duty to update any such forward-looking
statements. The forward-looking statements in this release are not guarantees of
future performance and actual results could differ materially from our current
expectations. Numerous factors could cause or contribute to such differences.
Factors that could affect the Company's forward-looking statements include,
among other things: global GDP trends and the demand for temporary work; changes
in regulation of temporary work; intense competition in the markets in which the
Company operates; integration of acquired companies; changes in the Company's
ability to attract and retain qualified internal and external personnel or
clients; the potential impact of disruptions related to IT; any adverse
developments in existing commercial relationships, disputes or legal and tax
proceedings.
About the Adecco Group
The Adecco Group is the world's leading HR solutions company. We believe in
making the future work for everyone, and every day enable more than 3.5 million
careers. We skill, develop, and hire talent in 60 countries, enabling
organisations to embrace the future of work. As a Fortune Global 500 company, we
lead by example, creating shared value that fuels economies and builds better
societies. Our culture of inclusivity, entrepreneurship and teamwork empowers
our 34,000 employees, who voted us number 11 on the Great Place to Work® -
World's Best Workplaces 2019 list.
The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605)
and listed on the SIX Swiss Exchange (ADEN) and powered by the global lead
brands: Adecco, Adia, Badenoch + Clark, General Assembly, LHH, Modis, Pontoon,
Spring Professional and Vettery.
PDF File
### END ###
+---------------------------++--------------++---------------------------------+
|Provider ||Channel ||Contact |
+---------------------------++--------------++---------------------------------+
|Tensid EQS Ltd., ||newsbox.ch ||Provider/Channel related |
|Switzerland ||www.newsbox.ch||enquiries |
|www.tensid.ch || ||marco@tensid.ch |
| || ||+41 41 763 00 50 |
+---------------------------++--------------++---------------------------------+
(END) Dow Jones Newswires
May 07, 2020 01:01 ET (05:01 GMT)
Adecco (LSE:0QNM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Adecco (LSE:0QNM)
Historical Stock Chart
From Apr 2023 to Apr 2024