By Lisa Kerner
Charlotte, N.C., May 23 - Edenred SA announced it placed €225 million of 10-year fixed-rate bonds paying 3.75% interest.
CA-CIB acted as bookrunner for the issue.
Proceeds will be used primarily for early bank debt reimbursement and to strengthen the company's liquidity, diversify its financial resources and extend the average maturity of its debt, according to an Edenred news release.
Edenred, based in Malakoff, France, offers employee benefits products, including meal and food vouchers under the Ticket Restaurant and Ticket Alimentacion brand names, and quality of life benefits products, which comprise vouchers that allow employers to contribute for childcare.
| Issuer: | Edenred SA
|
| Amount: | €225 million
|
| Tenor: | 10 years
|
| Coupon: | 3.75%
|
| Bookrunner: | CA-CIB
|
| Distribution: | Private placement
|
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