Adecco: completes debt tender, optimises maturity profile

(CercleFinance.com) - Swiss staffing group Adecco said on Monday that it has completed its offer for debt maturing in 2022, accepting close to 200 million euros of notes as part of the tender.


A total of about 210 million euros was validly tendered by noteholders, the Zurich-based company said, after the tender offer was launched on 9 May relating to 500 million euros in debt at 1.5%.

The deal - in combination with the placement of 300 million euros notes maturing in 2029, offering a fixed rate of 1.25% - will contribute to optimising the debt maturity profile and cost of capital, Adecco said.

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