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SK SEB SA

103.10
1.70 (1.68%)
22 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SEB SA EU:SK Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.70 1.68% 103.10 101.10 104.00 103.10 101.50 101.70 37,086 16:40:00

Groupe SEB Continues to Strengthen Its Financial Structure With a €150M Financing Over 12 Years

15/04/2024 5:00pm

Business Wire


SEB (EU:SK)
Historical Stock Chart


From Jan 2024 to Jul 2024

Click Here for more SEB Charts.

Regulatory News:

Groupe SEB (Paris:SK) is pleased to announce the success of a €150m, 12-year private placement, with leading institutional investors.

The placement comes without financial covenants and is SEB's first with a maturity of more than 10 years, enabling it to extend the average maturity of its debt.

It reflects investors’ confidence in Groupe SEB's long-term strategy and prospects, following the oversubscribed Schuldschein financing of €650m in December 2023 and a €495m Club Deal arranged with its relationship banks in March 2024.

This institutional private placement further diversifies Groupe SEB's sources of financing.

The issuance was made on favorable terms, with a fixed interest rate of 5.0%. Meanwhile, Groupe SEB is actively managing its interest-rate risk to optimize its financial expenses by benefiting from falling interest rates while being hedged against any potential rises.

The proceeds of this issuance, settled on 3 April 2024, will be used to cover Groupe SEB's general corporate needs and notably contributing to the repayment of the €500m bond issue maturing in May 2024.

The bonds issued are listed on Euronext Access.

Société Générale arranged the transaction.

Next key dates – 2024

 

April 25 | after market closes

Q1 2024 sales and financial data

May 23 | 2:30 p.m.

Annual General Meeting

July 25 | before market opens

H1 2024 sales and results

October 24 | after market closes

9-month 2023 sales and financial data

Find us on www.groupeseb.com

World reference in small domestic equipment and professional coffee machines, Groupe SEB operates with a unique portfolio of 35 top brands including Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, marketed through multi-format retailing. Selling more than 400 million products a year, it deploys a long-term strategy focused on innovation, international development, competitiveness and client service. Present in over 150 countries, Groupe SEB generated sales of €8 billion in 2023 and has more than 31,000 employees worldwide.

Investor/Analyst Relations

Groupe SEB

Financial Communication and IR Dept

Raphaël Hoffstetter Guillaume Baron

comfin@groupeseb.com

Tel. +33 (0) 4 72 18 16 04

Media Relations

Groupe SEB Corporate Communication Dept

Cathy Pianon Anissa Djaadi Marie Leroy

presse@groupeseb.com

Tel. + 33 (0) 6 33 13 02 00 Tel. + 33 (0) 6 88 20 90 88 Tel. +33 (0) 6 76 98 87 53

Image Sept Caroline Simon Claire Doligez Isabelle Dunoyer de Segonzac

caroline.simon@image7.fr cdoligez@image7.fr isegonzac@image7.fr

Tel. +33 (0) 1 53 70 74 70

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