NEOPOST : NEOPOST SUCCESSFULLY COMPLETES A LARGELY OVERSUBSCRIBED SCHULDSCHEIN PRIVATE PLACEMENT
February 22 2017 - 11:45AM
Neopost successfully completes a largely
oversubscribed Schuldschein private placement
Paris, February
22, 2017
Neopost, a global leader in
Digital Communications, Shipping and Mail Solutions, today
announces that it has raised the equivalent of €215 million bullet
($86.5 million and €135 million) through a Schuldschein, a German-law private placement loan.
This successful transaction, which
was largely oversubscribed, repays existing lines and extends the
maturity of the Group's debt.
Commenting on this, Jean-François
Labadie, Chief Financial & Legal Officer for Neopost Group,
said: "The success of this
transaction and the particularly favorable conditions obtained
demonstrate international investors' confidence in Neopost's
transformation strategy and the quality of the Group's
credit."
The funds are raised at a fixed
rate (1/3) and a variable rate (2/3) and have the following
maturities:
-
20% of the amount maturing in 3 years with a
credit margin of 1,10% on euro denominated debt;
-
40% of the amount maturing in 5 years with a
credit margin of 1,40% on euro denominated debt;
-
40% of the amount maturing in 6 years with a
credit margin of 1,55% on euro denominated debt.
The Group notes that its net debt,
which came out at €819 million on July 31, 2016, is allocated to
financing its clients through its leasing and rental
activities.
CALENDAR
Neopost will publish its
fourth-quarter sales and its 2016 annual results on March 28, 2017,
after the market close.
About NEOPOST
NEOPOST is a global leader in Digital
Communications, Shipping and Mail Solutions. Its mission is to
guide and support organizations in how they send and receive
communications and goods, helping them better connect with their
business environment through hardware, software and services.
Neopost supplies innovative user-friendly solutions for physical
and digital communications management for large enterprises and
SMEs, as well as shipping processes for supply-chain and e-commerce
players. With a strong local presence in 31 countries and over
6,000 employees, Neopost works closely with a network of partners
in order to market its solutions in more than 90 countries. In
2015, Neopost reported sales of €1.2 billion.
Neopost is listed in Compartment A of Euronext Paris and belongs
notably to the SBF 120 index. |
For more information please
contact:
Gaële Le Men, Neopost |
FTI Consulting |
Financial, External & Internal
Communications Director |
Arnaud de
Cheffontaines
Cosme Julien-Madoni |
Tel: +33
(0)1 45 36 31 39 |
Tel: +33
(0)1 47 03 68 19 |
E-mail: g.le-men@neopost.com |
E-mail: neopost@fticonsulting.com |
Or visit our website:
www.neopost.com
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information contained therein.
Source: NEOPOST via Globenewswire