FDJ Announces the Successful Placement of Its Inaugural Bond Issue for €1.5 Billion to Refinance Kindred's Acquisition
2024年11月18日 - 3:30PM
ビジネスワイヤ(英語)
Regulatory News:
La Française des Jeux (FDJ) (Paris:FDJ), one of Europe's leading
betting and gaming operators, has announced that it has
successfully placed an inaugural three-tranche bond issue for an
amount of €1.5 billion maturing in 6 years, 9 years and 12
years:
- €500 million of bonds maturing on 21 November 2030, with an
annual coupon of 3.000%.
- €500 million of bonds maturing on 21 November 2033, with an
annual coupon of 3.375%.
- €500 million of bonds maturing on 21 November 2036, with an
annual coupon of 3.625%.
These new bonds will be rated Baa1 by Moody's in line with the
Group's long-term rating of Baa1 - stable outlook.
This is FDJ's first bond issue, with proceeds to be used to
refinance most of the €2 billion credit line implemented as part of
the Group's acquisition of Kindred.
This issue follows the Group's marketing campaign directed at
French and international bond investors. Final demand exceeded €7
billion, from more than two hundred top-tier investors on each
tranche, thus a transaction oversubscribed nearly 5 times,
reflecting their confidence in the Group's strategy and credit
profile.
BNP Paribas, Crédit Agricole CIB and Société Générale acted as
global coordinators for the transaction, alongside BofA Securities,
Crédit Industriel et Commercial, HSBC, Goldman Sachs Bank Europe SE
and Natixis as active bookrunners.
Furthermore, FDJ has finalised a €400 million syndicated loan
with top-tier French and international banks, which will be repaid
over 5 years. This financing is also intended to repay the bridging
loan which will be settled with Group’s cash.
About FDJ Group
FDJ Group is one of Europe's leading betting and gaming
operators, with a vast portfolio of iconic brands and a reputation
for technological excellence. With almost 6,000 employees and a
presence in around 15 regulated markets in Europe, the Group offers
a diversified, responsible range of games, both under exclusive
rights and open to competition: lottery games in France and
Ireland, via an extensive point-of-sale network and online; sports
betting at points of sale in France; and online games open to
competition (sports and horse-race betting, poker and online casino
games, in markets where these activities are authorised). The FDJ
Group has placed responsibility at the heart of its strategy and
promotes recreational betting. FDJ Group is listed on the regulated
market of Euronext Paris (Compartment A – FDJ.PA) and is part of
the SBF 120, Euronext 100, Euronext Vigeo 20, EN EZ ESG L 80, STOXX
Europe 600, MSCI Europe and FTSE Euro indices.
For more information, visit www.groupefdj.com
@FDJ FDJ @FDJ_official @FDJ
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version on businesswire.com: https://www.businesswire.com/news/home/20241117572674/en/
Media Contact 01 41 10 33 82 |
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Investor Relations Contact 01 41 04 19 74 |
invest@lfdj.com
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