Debevoise Advises Rexel in the Placement of €500 Million Senior Notes

1 June 2015

The London and Paris offices of Debevoise & Plimpton LLP have advised Rexel in the placement of €500 million of 3.250% unsecured senior notes, due 2022.

The delivery, settlement and listing of the notes on the Euro MTF market of the Luxembourg Stock Exchange took place on May 27, 2015. The notes will mature on June 15, 2022, and will be non-callable until 2018. The proceeds of the issuance of the notes will be used to redeem the $500 million principal amount of Rexel’s 6.125% U.S.-dollar denominated senior notes, due 2019, and for general corporate purposes.

Rexel is a global leader in the distribution of electrical supplies. Headquartered in Paris, the company operates in 38 countries worldwide, and recorded sales of €13.1 billion in 2014.

Debevoise has previously advised Rexel on past note offerings raising over €3 billion, involving both euro and U.S. dollar denominated notes.

The Debevoise team advising Rexel was led by London partners Raman Bet-Mansour and Pierre Maugüé, and included Paris based international counsel Philippe Tengelmann and associate Roxanne Castro, and London based associate Vikas Mehta.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.