SUEZ places €1.2 bn in bonds to finance GE Water buy

PARIS, France - SUEZ has successfully priced an offering of €1.2 billion senior unsecured notes as the first step in refinancing the acquisition of GE Water & Process Technologies, together with Caisse de dépôt et placement du Québec (CDPQ).

The offering consists of 2 tranches issued under SUEZ EMTN program:

‐ €500 million of notes due April 3rd, 2025, with an annual coupon of 1.00%

‐ €700 million of notes due April 3rd, 2029, with an annual coupon of 1.50%

The net proceeds of the bond issue will be used to early refinance a portion of the bridge financing facility implemented in the context of the acquisition.

The settlement of the offering is expected to occur today.

The bonds are expected to be rated A3 with stable outlook by Moody’s in line with the rating of SUEZ.

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