RUBIS: Rubis Énergie signs a master shelf facility subscription agreement for USD 265 million
July 17 2024 - 11:45AM
UK Regulatory
RUBIS: Rubis Énergie signs a master shelf facility subscription
agreement for USD 265 million
Paris, 17 July 2024, 5:45pm CET
Rubis announces today that its subsidiary Rubis
Énergie SAS has signed its first-ever US Private Placement (USPP)
financing under French law, with PGIM Private Capital (“PPC”) the
private capital arm of PGIM Inc., the global investment management
business of Prudential Financial Inc. amounting to US$265 million.
Rubis Énergie SAS will start issuing three series of €70 million
each of Senior Unsecured Notes with a 8-, 10-, and 12-year bullet
maturities.
Rubis Énergie has kept nearly US$40 million
available under the shelf agreement for future issuances during the
next two years.
This new USPP financing enables Rubis to
diversify its funding sources while extending the current average
maturity of its debt from 3 to 5 years and paves the way to
potential further USPP operations.
The teams advising Rubis Énergie SAS on this
consist of:
- BRED Banque Populaire, Advisor.
- Norton Rose Fulbright LLP Paris and
London offices, Lawyers.
- Forex Finance, Advisor.
Upcoming events
Q2 & H1 2024 results: 5 September 2024 (after market
close)
Photosol Day: 17 September 2024
About Rubis
Rubis is an independent French group that has
been operating at the heart of energy for over 30 years, driven by
its mission to give as many people as possible access to reliable
and sustainable energy. The Group meets the essential needs of
individual customers in terms of mobility, cooking and heating, and
supplies the energy required for the operation of industry and
professionals. Aware of the energy sector’s key role in combating
climate change, Rubis is currently diversifying its business and
offering towards less carbon-intensive solutions.
With around 4,500 employees across three regions
(Africa, the Caribbean and Europe), the Group relies on a
decentralised structure and operates its Energy Distribution,
Renewable Electricity Production and Bulk Liquid Storage (joint
venture) activities in close harmony with local requirements.
Rubis is a signatory of the United Nations
Global Compact.
For more information
This announcement shall not constitute an
offer to sell or a solicitation of an offer to buy the notes or any
other securities, and shall not constitute an offer, solicitation
or sale in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.
The notes have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “Securities Act”) and may not be offered, sold,
tendered, bought or delivered within the United States or to or for
the account or benefit of “U.S. Persons” (as defined in the
Securities Act) absent registration or an applicable exemption from
registration requirements. No public offering of the notes will be
made in the United States.
Press Contact |
Analyst Contact |
RUBIS - Communication department |
RUBIS - Clémence Mignot-Dupeyrot, Head of IR |
Tel: +33 (0)1 44 17 95 95
presse@rubis.fr |
Tel: +33 (0)1 45 01 87 44
investors@rubis.fr |
- RUBIS: Rubis Énergie signs a master shelf facility subscription
agreement for USD 265 million
Rubis (EU:RUI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Rubis (EU:RUI)
Historical Stock Chart
From Aug 2023 to Aug 2024