L’oréal Successfully Prices a 1.5 Billion Euros Dual Tranche Bond
17 November 2023 - 8:26AM
L’oréal Successfully Prices a 1.5 Billion Euros Dual Tranche Bond
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN
OR AUSTRALIA
L’ORÉAL SUCCESSFULLY PRICES A 1.5 BILLION
EURO DUAL TRANCHE BOND
Clichy, 16 November 2023 –
L’Oréal today announces that it has successfully priced a public
bond offering for an aggregate nominal amount of €1.5 billion.
The offering is composed of two tranches: - A
€800 million long 3-year fixed rate bond paying a coupon of 3.375 %
p.a. - A €700 million 6-year fixed rate bond paying a coupon of
3.375 % p.a.
The net proceeds of the bonds will be used by
the Issuer to refinance in part its outstanding €1 billion, 0.375
percent bond due 29 March 2024 and its €750 million variable rate
bond due March 2024.
The bonds, which are rated AA (Stable) by
S&P and Aa1 (Stable) by Moody’s, will be admitted to trading on
Euronext Paris from the settlement date, which is scheduled to be
23 November 2023.
BNP Paribas, HSBC, Société Générale and Standard Chartered Bank
AG are acting as Global Coordinators. Citi, Deutsche Bank, J.P.
Morgan and Natixis are acting as Active Joint
Bookrunners.
About L’OréalFor over 110
years, L’Oréal, the world’s leading beauty player, has devoted
itself to one thing only: fulfilling the beauty aspirations of
consumers around the world. Our purpose, to create the beauty that
moves the world, defines our approach to beauty as inclusive,
ethical, generous and committed to social and environmental
sustainability. With our broad portfolio of 37 international brands
and ambitious sustainability commitments in our L’Oréal for the
Future programme, we offer each and every person around the world
the best in terms of quality, efficacy, safety, sincerity and
responsibility, while celebrating beauty in its infinite plurality.
With 87 400 committed employees, a balanced geographical footprint
and sales across all distribution networks (e-commerce, mass
market, department stores, pharmacies, hair salons, branded and
travel retail), in 2022 the Group generated sales amounting to
38.26 billion euros. With 20 research centers
across 11 countries around the world and a dedicated Research and
Innovation team of over 4 000 scientists and 5 500 tech and digital
professionals, L’Oréal is focused on inventing the future of beauty
and becoming a Beauty Tech powerhouse. More information on
https://www.loreal.com/en/mediaroom
"This press release does not constitute an offer
of sale or solicitation of an offer to purchase L'Oréal shares. If
you wish to obtain more comprehensive information about L'Oréal,
please refer to the public documents registered in France with the
Autorité des Marchés Financiers, also available in English on our
website www.loreal-finance.com.This press release may contain
forecast information. While the Company believes that these
statements are based on reasonable assumptions as of the date of
publication of this press release, they are by nature subject to
risks and uncertainties which may lead to a discrepancy between the
actual figures and those indicated or suggested in these
statements.”
CONTACTSL’ORÉALSwitchboard+33 (0)1 47 56 70
00
Individual shareholders and market
regulatorsPascale GUERIN+33 (0)1 49 64 18 89
Pascale.guerin@loreal.com
Financial analysts and institutional
investors
Françoise LAUVIN +33 (0)1 47 56 86
82Francoise.lauvin@loreal.com
Eva QUIROGA+33 (0)7 88 14 22 65Eva.quiroga@loreal.com
Media
Brune DIRICQ+33 (0)6 63 85 29 87Brune.diricq@loreal.com
Christine BURKE+33 (0)6 75 54 38
15Christine.burke@loreal.com
For further information, please contact your
bank, stockbroker of financial institution (I.S.I.N. code:
FR000012031) and consult your usual newspapers or magazines or the
Internet site for shareholders and investors,
www.loreal-finance.com, the L’Oréal Finance app or call the
toll-free number from France: 0 800 66 66 66. 0 800 66 66 66
Follow us on LinkedIn @L’Oréal Follow us on
Instagram @lorealgroupewww.loreal.com
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