Elis plans private placement to refinance 3% notes due 2022

Chicago, March 29 – Elis SA announced on Friday that it plans a €300 million private placement with a 10-year maturity to partially refinance the company’s existing €800 million high-yield bond maturing in April 2022.

According to the notice, Elis has signed an agreement with Barings and a group of investors for the €300 million private placement.

The high-yield notes were originally issued in April 2015.

Elis is a Saint-Cloud, France-based multi-services group in Europe and Latin America, specializing in the rental and maintenance of professional clothing, textile articles, hygiene and well-being appliances.

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