Eurazeo announced on Friday evening the successful placement of its first senior bond issue, totaling 500 million euros. The notes, maturing on April 17, 2031, carry an annual coupon of 4.625%.
"This inaugural bond issue was very well received by international institutional investors, with a final order book exceeding 2 billion euros, representing a 4x oversubscription," the group highlighted.
The investment firm added that the proceeds from this debut issuance will notably be used to refinance a portion of the amounts drawn by Eurazeo under its syndicated credit facility.
The bonds, with settlement and delivery scheduled for April 17, will be admitted to trading on the Euronext Paris regulated market and are expected to be rated BBB by both S&P and Fitch.
Eurazeo SE is a leading European investment group with diversified assets under management of EUR 39 billion, including EUR 30 billion on behalf of institutional and individual clients through its private equity, private debt, real estate and infrastructure strategies. The group supports over 600 mid-market companies, leveraging the commitment of its more than 450 employees, its sector expertise, its privileged access to global markets via 14 offices in Europe, Asia and the United States, and its responsible approach to value creation based on growth. Eurazeo's institutional and family shareholding and its solid financial structure ensure its long-term viability.
Eurazeo SE has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Stockholm, Madrid, Luxembourg, Shanghai, Seoul, Singapore, Tokyo, and São Paulo.
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