JCDecaux reinforces its liquidity and enhances its financial flexibility with the placement of €1 billion of Notes at 4.5 y...
April 20 2020 - 5:31PM
JCDecaux reinforces its liquidity and enhances its financial
flexibility with the placement of €1 billion of Notes at 4.5 years
and 8 years
JCDecaux reinforces its liquidity and
enhances its financial flexibility with the placement of
€1 billion of Notes at 4.5 years and
8 years
Paris, April
20th, 2020 – JCDecaux SA
(Euronext Paris: DEC), the number one outdoor advertising company
worldwide, announced today that it has successfully placed Notes
for a principal amount of 1 billion euros at 4.5 years and 8
years. The spreads have been set at 235 and 275 basis points above
the swap rates, on the 4.5 years and 8 years tranches respectively,
leading to coupons of 2.000% and 2.625% respectively.Subscribed 3
times, the notes have been placed with high quality investors.The
net proceeds of the issuance will be used for refinancing the
existing debt, including the repayment of the €300m bond which
matures in October 2020, and for General Corporate Purposes. This
issuance will also increase the average maturity of the Group’s
debt.
BNP Paribas, Crédit Agricole and HSBC are Global
Coordinators on this transaction, with MUFG, Natixis and Société
Générale as Active Bookrunners.
Jean-François Decaux, Chairman of the
Executive Board and Co-CEO of JCDecaux, said: “Following
our decision to withdraw the 2019 dividend proposal, we continue to
improve our liquidity and financial flexibility in order to be in a
stronger position post-crisis as it was the case in 2010. The
success of this transaction, for a cumulative historical amount for
our company of €1billion, demonstrates both the quality of our
signature and the great confidence of investors in our ability to
weather the current crisis in the best possible conditions.”
Key Figures for JCDecaux
- 2019 revenue: €3,890m
- Present in 3,890 cities with more than 10,000 inhabitants
- A daily audience of more than 890 million people in more
than 80 countries
- 13,210 employees
- Leader in self-service bike rental scheme: pioneer in
eco-friendly mobility
- 1st Out-of-Home Media company to join the RE100 (committed to
100% renewable energy)
- JCDecaux is listed on the Eurolist of Euronext Paris and is
part of the Euronext 100 and Euronext Family Business indexes
- JCDecaux is recognised for its extra-financial performance in
the FTSE4Good index and the MSCI and CDP ‘A List’ rankings
- 1,061,630 advertising panels worldwide
- N°1 worldwide in street furniture (517,800 advertising
panels)
- N°1 worldwide in transport advertising with more than 160
airports and 270 contracts in metros, buses, trains and tramways
(379,970 advertising panels)
- N°1 in Europe for billboards (136,750 advertising panels)
- N°1 in outdoor advertising in Europe (636,620 advertising
panels)
- N°1 in outdoor advertising in Asia-Pacific (260,700 advertising
panels)
- N°1 in outdoor advertising in Latin America (69,490 advertising
panels)
- N°1 in outdoor advertising in Africa (22,760 advertising
panels)
- N°1 in outdoor advertising in the Middle East (15,510
advertising panels)
For more information about JCDecaux, please
visit jcdecaux.com. Join us on Twitter, LinkedIn, Facebook,
Instagram and YouTube.
Corporate
Communications: Agathe Albertini+33 (0) 1
30 79 34 99 – agathe.albertini@jcdecaux.com
Investor
Relations: Arnaud Courtial+33 (0) 1 30 79
79 93 – arnaud.courtial@jcdecaux.com
- 20-04-2020 # Bond 2020_UK vDEF
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