Rexel issues €400 million in bonds maturing in 2031
Electrical distributor Rexel announced the successful issuance of €400 million in bonds maturing in 2031. The company stated the issuance aims to strengthen its capital structure.
Electrical products distributor Rexel has successfully issued bonds amounting to €400 million, with a maturity date set for 2031. The company confirmed the completion of this financing round.
The bonds carry an annual interest rate of 4.625%. Rexel stated that the objective of this issuance is to strengthen the company's capital structure, in line with its general corporate purposes. Specific details regarding the allocation of these funds were not disclosed.
Rexel operates globally as a distributor of electrical supplies and related services, primarily serving professional markets. The company has a presence in over 30 countries, catering to a wide range of industrial and commercial clients.
The company's stock experienced a slight decline, mirroring broader market movements. Investors will be monitoring the company's strategic deployment of this capital to support its ongoing business objectives and potential expansion initiatives.