Groupe SEB Continues to Strengthen Its Financial Structure With a €150M Financing Over 12 Years

Business Wire

15 April 2024 at 0:00 pm·2-min read

ECULLY, France, April 15, 2024--(BUSINESS WIRE)--Regulatory News:

Groupe SEB (Paris:SK) is pleased to announce the success of a €150m, 12-year private placement, with leading institutional investors.

The placement comes without financial covenants and is SEB's first with a maturity of more than 10 years, enabling it to extend the average maturity of its debt.

It reflects investors’ confidence in Groupe SEB's long-term strategy and prospects, following the oversubscribed Schuldschein financing of €650m in December 2023 and a €495m Club Deal arranged with its relationship banks in March 2024.

This institutional private placement further diversifies Groupe SEB's sources of financing.

The issuance was made on favorable terms, with a fixed interest rate of 5.0%. Meanwhile, Groupe SEB is actively managing its interest-rate risk to optimize its financial expenses by benefiting from falling interest rates while being hedged against any potential rises.

The proceeds of this issuance, settled on 3 April 2024, will be used to cover Groupe SEB's general corporate needs and notably contributing to the repayment of the €500m bond issue maturing in May 2024.

The bonds issued are listed on Euronext Access.

Société Générale arranged the transaction.

Next key dates – 2024
April 25 \| after market closes	Q1 2024 sales and financial data
May 23 \| 2:30 p.m.	Annual General Meeting
July 25 \| before market opens	H1 2024 sales and results
October 24 \| after market closes	9-month 2023 sales and financial data

Find us on www.groupeseb.com

World reference in small domestic equipment and professional coffee machines, Groupe SEB operates with a unique portfolio of 35 top brands including Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, marketed through multi-format retailing. Selling more than 400 million products a year, it deploys a long-term strategy focused on innovation, international development, competitiveness and client service. Present in over 150 countries, Groupe SEB generated sales of €8 billion in 2023 and has more than 31,000 employees worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240415992844/en/

Contacts

Investor/Analyst Relations

Groupe SEB

Financial Communication and IR Dept

Raphaël Hoffstetter
Guillaume Baron

comfin@groupeseb.com

Tel. +33 (0) 4 72 18 16 04

Media Relations

Groupe SEB
Corporate Communication Dept

Cathy Pianon
Anissa Djaadi
Marie Leroy

presse@groupeseb.com

Tel. + 33 (0) 6 33 13 02 00
Tel. + 33 (0) 6 88 20 90 88
Tel. +33 (0) 6 76 98 87 53

Image Sept
Caroline Simon
Claire Doligez
Isabelle Dunoyer de Segonzac

caroline.simon@image7.fr
cdoligez@image7.fr
isegonzac@image7.fr

Tel. +33 (0) 1 53 70 74 70

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Groupe SEB Continues to Strengthen Its Financial Structure With a €150M Financing Over 12 Years

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