Rexel issues 600 million euro sustainability-linked notes
Electrical distribution company Rexel has successfully placed sustainability-linked notes totaling 600 million euros. The proceeds from the offering will be used for the company's general corporate purposes.
Rexel, a global distributor of electrical products and services, announced the successful placement of sustainability-linked notes valued at 600 million euros. The financial instrument's terms are linked to the achievement of the company's sustainability targets.
The coupon on the notes will be adjusted based on Rexel's performance against its defined sustainability key performance indicators. While the specific environmental or social objectives were not detailed, the company stated the issuance supports its strategic ambitions and continued commitment to corporate responsibility.
The financing aims to strengthen Rexel's financial position and support ongoing investments in its business and sustainability initiatives. The proceeds are earmarked for general corporate purposes, including the potential refinancing of existing debt.
Rexel operates internationally, providing electrical supplies and solutions to professionals in the construction, industrial, and residential sectors. The company's business model focuses on distributing a wide range of electrical products and offering related technical services.