Hot topics | Coronavirus pandemic

Adecco Group is completing financing to support the acquisition of AKKA technologies

Adecco Group is completing financing to support the acquisition of AKKA technologies

No more FOR RELEASE, PUBLICATION, OR DISTRIBUTION IN THE UNITED STATES, CANADA, ASTRALIA OR JAPAN.

AD HOC Announcement pursuant to Art. 53 LR.

Successfully placed a strong score of 1. Mrd. EUR, senior notes and issuance of 50,000-plus million EUR - despite the success of the initial 500 million euro inaugural bond, one-million senior and inaugural h

- Xuir, Sept. 15, 2021 -- Adecco Group AG has successfully placed two tranches of fixed rate notes worth 500 million euros, maturing in 2028 and 2031, under its 3.5 billion In 2082, it formally placed its first subordinated fixed-to-reset rate hybrid bond of EUR 500 million, maturing in the same year. The "Hybrid Bond" was a fixed bond that was All three issuances must be listed on the London Stock Exchange main market.

The company's placement of senior and hybrid notes completes a balanced financing package that underpins the acquisition of AKKA Technologies and ensures we maintain our strong investment grade capital structure. We're happy to secure very favorable financing conditions for these long-term notes that were more than 4.5 times oversubscribed. The transaction AKKA Technologies accelerates our strategy and provides a significant value creation opportunity for investors, which is enhancing in year one. We expect the deal to close in early 2022."

FULL PRESS RELEASE (PDF)

SOURCE The Adecco Group SURCE ADECTO.

You may also like: