Plastic Omnium, a leader in auto exterior components and modules, fuel systems and emission reduction systems, has successfully completed a new bond issue, raising €500,000,000 from institutional investors.
The bonds bear interest at an annual rate of 1.25 % and will mature on 26 June 2024.
The proceeds of this issue will be used for general corporate purposes of the Group in the context of its profitable and independent growth strategy, based on globalisation and innovation. It will strengthen the Group's debt structure by extending the average maturity of its debt and diversifying its sources of financing.
BNP Paribas, Natixis and Société Générale acted as joint lead managers. Crédit Agricole Corporate and Investment Bank and Crédit Industriel et Commercial acted as co-lead managers.
CMS Bureau Francis Lefebvre advised the banks with Marc-Etienne Sébire, Partner, Yaël Fitoussi and Myriam Issad, Associates.
White & Case LLP advised Plastic Omnium with Séverin Robillard, Partner, Elsa Imbernon, Counsel, and Mathieu Damnon, Associate.