Groupe SEB Continues to Strengthen Its Financial Structure With a €150M Financing Over 12 Years
15 Aprile 2024 - 6:00PM
Business Wire
Regulatory News:
Groupe SEB (Paris:SK) is pleased to announce the success of a
€150m, 12-year private placement, with leading institutional
investors.
The placement comes without financial covenants and is SEB's
first with a maturity of more than 10 years, enabling it to extend
the average maturity of its debt.
It reflects investors’ confidence in Groupe SEB's long-term
strategy and prospects, following the oversubscribed Schuldschein
financing of €650m in December 2023 and a €495m Club Deal arranged
with its relationship banks in March 2024.
This institutional private placement further diversifies Groupe
SEB's sources of financing.
The issuance was made on favorable terms, with a fixed interest
rate of 5.0%. Meanwhile, Groupe SEB is actively managing its
interest-rate risk to optimize its financial expenses by benefiting
from falling interest rates while being hedged against any
potential rises.
The proceeds of this issuance, settled on 3 April 2024, will be
used to cover Groupe SEB's general corporate needs and notably
contributing to the repayment of the €500m bond issue maturing in
May 2024.
The bonds issued are listed on Euronext Access.
Société Générale arranged the transaction.
Next key dates – 2024
April 25 | after market
closes
Q1 2024 sales and financial
data
May 23 | 2:30 p.m.
Annual General Meeting
July 25 | before market
opens
H1 2024 sales and results
October 24 | after market
closes
9-month 2023 sales and financial
data
Find us on www.groupeseb.com
World reference in small domestic equipment and professional
coffee machines, Groupe SEB operates with a unique portfolio of 35
top brands including Tefal, Seb, Rowenta, Moulinex, Krups,
Lagostina, All-Clad, WMF, Emsa, Supor, marketed through
multi-format retailing. Selling more than 400 million products a
year, it deploys a long-term strategy focused on innovation,
international development, competitiveness and client service.
Present in over 150 countries, Groupe SEB generated sales of €8
billion in 2023 and has more than 31,000 employees worldwide.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240415992844/en/
Investor/Analyst Relations
Groupe SEB
Financial Communication and IR Dept
Raphaël Hoffstetter Guillaume Baron
comfin@groupeseb.com
Tel. +33 (0) 4 72 18 16 04
Media Relations
Groupe SEB Corporate Communication Dept
Cathy Pianon Anissa Djaadi Marie Leroy
presse@groupeseb.com
Tel. + 33 (0) 6 33 13 02 00 Tel. + 33 (0) 6 88
20 90 88 Tel. +33 (0) 6 76 98 87 53
Image Sept Caroline Simon Claire
Doligez Isabelle Dunoyer de Segonzac
caroline.simon@image7.fr cdoligez@image7.fr
isegonzac@image7.fr
Tel. +33 (0) 1 53 70 74 70
Grafico Azioni SEB (EU:SK)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni SEB (EU:SK)
Storico
Da Nov 2023 a Nov 2024
