Capgemini: successfully refinances Altran's former debt
(CercleFinance.com) - Capgemini has successfully fixed the terms of a 1.
6 billion euro bond issue comprising of two tranches: 800 million euros maturing in 5 years, bearing a coupon of 0.625% (issue price 99.887%) and 800 million euros maturing in 10 years, bearing a coupon of 1.125% (issue price 99.521%).
These issues correspond to the refinancing, on much more favourable terms, of Altran Technologies' former debt, after its acquisition was finalised in April 2020.
This bond issue was a great success, having been oversubscribed to by approximately 3.5 times.
For Carole Ferrand, Chief Financial Officer of Capgemini, "This refinancing enables us to significantly lower the cost of the bank debt that was carried by Altran, while extending Capgemini's debt maturity. We are thus reinforcing the Group's financial strength while streamlining its financing structure."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
6 billion euro bond issue comprising of two tranches: 800 million euros maturing in 5 years, bearing a coupon of 0.625% (issue price 99.887%) and 800 million euros maturing in 10 years, bearing a coupon of 1.125% (issue price 99.521%).
These issues correspond to the refinancing, on much more favourable terms, of Altran Technologies' former debt, after its acquisition was finalised in April 2020.
This bond issue was a great success, having been oversubscribed to by approximately 3.5 times.
For Carole Ferrand, Chief Financial Officer of Capgemini, "This refinancing enables us to significantly lower the cost of the bank debt that was carried by Altran, while extending Capgemini's debt maturity. We are thus reinforcing the Group's financial strength while streamlining its financing structure."
Copyright (c) 2020 CercleFinance.com. All rights reserved.