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Brief: L'Oreal Prices EUR 2 Bln Triple Tranche Bond Offering

BRIEF-L'Oreal Prices EUR 2 Bln Triple Tranche Bond Offering

- L'Oreal SA OREP.PA:

  • L'ORÉAL PRICES €2 BILLION TRIPLE TRANCHE BOND OFFERING

  • BOND EXPECTED TO BE RATED AA/STABLE S&P, AA1/STABLE MOODY'S; TRADING FROM SEPT 30, 2026

  • ISSUES €850 MILLION 2-YEAR FLOATING RATE BOND PAYING EURIBOR 3M + 27 BPS

  • ISSUES €500 MILLION 3-YEAR FIXED RATE BOND PAYING 3.75% COUPON

  • ISSUES €650 MILLION 7-YEAR FIXED RATE BOND PAYING 4.00% COUPON

  • NET PROCEEDS OF BOND WILL BE USED FOR GENERAL CORPORATE PURPOSES

Source text: ID:nGNE7cKyt6

Further company coverage: OREP.PA


(Gdansk Newsroom)

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