Legrand Legrand

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06/29/2017 19:15

Success for Legrandís new euro bond issue

Legrand today successfully launched a bond issue for a total of one billion euros, in two tranches of 500 million euros each, with maturities of 7 and 15 years. The respective maturity dates of these two tranches are July 6, 2024 and July 6, 2032 and their annual coupons are respectively 0.750% and 1.875%.

Legrand will use this bond issue to finance its acquisition of Milestone AV Technologies LLC, a US frontrunner in the high-value segment of Audio-Video infrastructure and power.

With the order book subscribed three times over, this totally successful new issuance demonstrates once again investors’ confidence in the soundness of Legrand’s business model as well as the quality of its financial structure, and will allow the Group to pursue the extension of its debt’s maturity.

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