Rexel conditionally calls €300 million 2 1/8% notes due 2025

By Marisa Wong

Los Angeles, April 30 – Rexel issued a notice of conditional partial redemption for its 2 1/8% senior notes due 2025 (ISIN: XS1716833352).

Rexel plans to redeem €300 million of the notes on May 12 at 101.063 plus accrued interest to the redemption date.

The redemption is subject to a financing condition.

As previously reported, Rexel priced €300 million of 2 1/8% sustainability-linked notes due June 15, 2028, proceeds of which are earmarked for the redemption.

The Bank of New York Mellon is the trustee and paying agent.

Based in Paris, Rexel distributes electrical, heating, lighting and plumbing equipment and also specializes in renewable energies and energy efficiency products and services.

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