Capgemini successfully prices a €3.5 billion bond issue
April 08 2020 - 1:30PM
Capgemini successfully prices a €3.5 billion bond issue
This press
release may not be distributed directly or indirectly
in the United States, Canada, Australia or
Japan
Investor Relations:Vincent
BiraudTel: +33 (0)1 47 54 50 87Email:
vincent.biraud@capgemini.com
Capgemini successfully prices a €3.5
billion bond issue
Paris, 8 April 2020 - Capgemini
announces that it successfully priced on April 8, 2020, a total of
€3.5 billion bonds comprising four tranches:
- €500 million 2-year notes (the 2022 tranche), with a coupon of
1.250% (issue price 99.794%),
- €800 million 6-year notes (the 2026 tranche), with a coupon of
1.625% (issue price 99.412%),
- €1 billion 9-year notes (the 2029 tranche), with a coupon of
2.000% (issue price 99.163%) and
- €1.2 billion 12-year notes (the 2032 tranche), with a coupon of
2.375% (issue price 99.003%).
This bond offering was a great success with an
oversubscription of about 4.5 times.
Carole Ferrand, Chief Financial Officer of
Capgemini, said: “The strong interest of the financial markets
generated by this bond issue, in the current market context marked
by the Covid‑19 crisis, demonstrates investors' confidence in the
quality of Capgemini's financial profile. It is also an
illustration of the support for the strategy that led the Group to
acquire Altran in order to position itself as a leader in the
digital transformation of industrial and technology companies.
Lastly, this refinancing transaction does extend the average
maturity of our indebtedness without increasing its overall
amount”.
The proceeds of this bond issue will be used to
refinance the bridge loan entered into in the context of the
acquisition of Altran Technologies and for general corporate
purposes of the Group, including the redemption of the €676 million
principal amount outstanding under the bonds maturing on July 1,
2020 (ISIN FR0012821932). Capgemini can redeem such latter bonds at
par at any time since April 1 and until July 1, 2020.
The newly issued bonds will be rated BBB by
Standard & Poor's, in line with the BBB/stable outlook rating
recently assigned to Capgemini.
This transaction fully complies with the
financing strategy of the Altran acquisition as announced in June
2019. Capgemini is thus taking advantage of attractive conditions
prevailing in bond markets, in spite of the Covid-19 sanitary
crisis, to refinance the Altran acquisition and extend the average
maturity of its debt.
Disclaimer
This press release and the information contained
herein do not constitute a public offer or an offer to subscribe or
a solicitation of an order to purchase or subscribe for the
securities in the United States or in any other country, or an
invitation to accept the public offer mentioned in this press
release. This press release and the information contained therein
do not constitute a public offer or an offer to subscribe or a
solicitation of an order to purchase or subscribe for the
securities in the United States or in any other country, or an
invitation to accept the public offer mentioned in this press
release. The publication, broadcasting or distribution of this
press release in certain countries may be subject to legal or
regulatory restrictions and the persons in possession of this press
release must inform themselves about and comply with such
restrictions.
This press release does not constitute an offer
to sell the bonds of Capgemini SE in the United States or any other
country. The bonds of Capgemini SE may not be offered or sold in
the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended.
Capgemini SE has not registered and does not intend to register the
offer referred to in this press release or any part thereof in the
United States or to make any public offer of its bonds in the
United States. The public offer referred to in this press release
is being made solely by the offeror referred to in this press
release. The public offer is not being made to (and no offer of
securities will be accepted from) bondholders established in any
jurisdiction (including the United States, Canada, Japan or
Australia) in which the launch of such an offer or its acceptance
would not comply with the provisions of the laws relating to
financial markets.
This press release may contain information that
may be deemed to be forward-looking statements concerning Capgemini
SE's financial condition, results of operations, business, strategy
and plans. Although Capgemini SE believes that such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, most of which are outside of
Capgemini SE's control, including risks relating to competition and
regulatory approvals, as well as the risks described in the
documents filed by Capgemini SE with the Autorité des Marchés
Financiers and available in English or French on Capgemini SE's
website (www.capgemini.com). Investors and security holders may
obtain a free copy of the documents filed by Capgemini SE with the
Autorité des Marchés Financiers at www.amf-france.org or directly
on Capgemini SE's website. The forward-looking statements contained
in this document are made as of the date hereof and Capgemini SE
reserves the right to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
About CapgeminiCapgemini is a
global leader in consulting, digital transformation, technology,
and engineering services. The Group is at the forefront of
innovation to address the entire breadth of clients’ opportunities
in the evolving world of cloud, digital and platforms. Building on
its strong 50-year+ heritage and deep industry-specific expertise,
Capgemini enables organizations to realize their business ambitions
through an array of services from strategy to operations. Capgemini
is driven by the conviction that the business value of technology
comes from and through people. Today, it is a multicultural company
of 270,000 team members in almost 50 countries. With Altran, the
Group reported 2019 combined revenues of €17 billion.Visit us at
www.capgemini.com. People matter, results count.
- Capgemini_-_2020-04-08_-_Successful_bond_issuance
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