Legrand Announces a €600 Million Bond Issue Maturing in 2034
June 19 2024 - 12:30PM
Business Wire
Regulatory News:
Legrand (Paris:LR) today completed a fixed-rate bond issue for
an amount of €600 million with a 10-year maturity and an annual
coupon of 3.5%.
This operation raises the average maturity of bond debt to 5.3
years, with the next repayment date set for July 6, 2024 for an
amount of €500 million.
The success of this issue, subscribed 5.5 times over,
demonstrates once again investor confidence in the soundness of
Legrand’s development model.
To confirm your attendance at our Capital Markets Day in
London on September 24, click here.
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Key financial dates
- 2024 first-half results: July 31, 2024 “Quiet period1” starts:
July 1, 2024
- 2024 Capital Markets Day: September 24, 2024 – London (UK)
- 2024 nine-month results: November 7, 2024 “Quiet period1”
starts: October 8, 2024
About Legrand Legrand is the global specialist in
electrical and digital building infrastructures. Its comprehensive
offering of solutions for commercial, industrial and residential
markets makes it a benchmark for customers worldwide. The Group
harnesses technological and societal trends with lasting impacts on
buildings with the purpose of improving life by transforming the
spaces where people live, work and meet with electrical, digital
infrastructures and connected solutions that are simple, innovative
and sustainable. Drawing on an approach that involves all teams and
stakeholders, Legrand is pursuing its strategy of profitable and
responsible growth driven by acquisitions and innovation, with a
steady flow of new offerings—including products with enhanced value
in use (faster expanding segments: datacenters, connected offerings
and energy efficiency programs). Legrand reported sales of €8.4
billion in 2023. The company is listed on Euronext Paris and is
notably a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5
indexes. (code ISIN FR0010307819). https://www.legrandgroup.com
Readers are invited to verify the authenticity of Legrand press
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Disclaimer The securities mentioned in this press release
have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the “Securities Act”), or the
securities laws of any other jurisdiction. They may not be offered
or sold in the United States of America or to, or for the account
of or for the benefit of, U.S. persons (as defined in Regulation S
of the Securities Act), without registration except pursuant to an
exemption from, or a transaction not subject to, the Securities
Act. Legrand does not intend to register the offering, in whole or
in part, in the United States or to conduct a public offering in
the United States.
This press release is not a prospectus for the purposes of the
Regulation (EU) 2017/1129.
___________________________ 1 Period of time when all
communication is suspended in the run-up to publication of
results
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version on businesswire.com: https://www.businesswire.com/news/home/20240619076558/en/
Investor relations & financial communication Ronan
MARC (Legrand) +33 1 49 72 53 53 ronan.marc@legrand.com
Press relations Tiphaine RAFFRAY (TBWA) +33 6 58 27 78 98
tiphaine.raffray@tbwa-corporate.com
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