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Rexel SA (RXL.PA)

RXL.PA on Paris Stock Exchange

16.49EUR
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Rexel announces succesful placement of 300 mln euro notes offering
Monday, 27 Feb 2017 11:45am EST 

Rexel SA : Announces succesful placement of the 300 million euro ($318.9 million) notes offering . Successfully placed 300 million euros of its 2.625 pct unsecured senior notes due 2024 . Notes, which mature on June 15, 2024, will be callable as from March 2020 . Delivery and settlement and listing of notes on euro MTF market of Luxembourg stock exchange are expected to occur on or about March 13, 2017 .Will use proceeds of issuance of notes, together with some available cash, to redeem all of 5.250 pct senior USD notes due June 2020.  Full Article

Rexel launches 300 million euros notes offering
Monday, 27 Feb 2017 02:25am EST 

Rexel : Rexel launches 300 million euros ($316.9 million) notes offering . Notes, callable at Rexel's discretion as from March 2020, will rank pari passu with Rexel's senior credit facility and other senior unsecured notes . Will use proceeds of issuance of notes to redeem all or part of 5.250 percent senior US$ notes due June 2020 issued by Rexel on April 3, of which $330,000,000 remain outstanding . Expects to redeem outstanding 2020 notes on or about June 15, 2017 .Can elect not to redeem 2020 notes if it does not issue notes or if there is a material adverse change in financial markets.  Full Article

Catherine Guillouard steps down as deputy CEO of Rexel group
Tuesday, 21 Feb 2017 02:30am EST 

Rexel SA : Catherine Guillouard to step down as deputy CEO of Rexel group . Grégoire Bertrand, who is currently CFO Europe, will act as group chief financial officer on an interim basis . Board at its meeting on Feb 20 decided to put an end to Catherine Guillouard's functions as deputy CEO effective on Feb 20 .Decision follows a divergence of views over implementation of new strategic direction that was presented at capital markets day on Feb 13.  Full Article

Rexel Q2 sales down 2,2 pct to 3,349.9 million euros
Friday, 29 Jul 2016 01:35am EDT 

Rexel : Q2, Rexel posted sales of 3,349.9 million euros ($3.71 billion), down 2.2 pct . Net income from continuing operations in H1 rose by 121.8 pct to 95.8 million euros (versus 43.2 million euros in H1 2015) . Operating income in H1 stood at 219.7 million euros, up 5.8 pct year-on-year . Says consequences of Brexit on activity in UK (c. 8 pct of group sales) are still difficult to estimate .Sees 2016 full-year financial targets unchanged.  Full Article

Rexel adopts new governance structure
Friday, 24 Jun 2016 02:00am EDT 

Rexel SA : Rudy Provoost stepping down as chairman and Chief Executive Officer as of June 30, 2016 . François Henrot appointed chairman of board of directors on an interim basis effective July 1, 2016 .Patrick Berard to become Chief Executive Officer, effective July 1, 2016.  Full Article

Rexel places 650 million euros of notes
Tuesday, 3 May 2016 08:00pm EDT 

Rexel SA:Successfully places 650 million euros of its 3.50 pct unsecured senior notes due 2023.Delivery, settlement and listing of notes on Euro MTF market of Luxembourg Stock Exchange are expected to occur on or about May 18, 2016.Notes, which mature on June 15, 2023, will be callable as from June 2019.  Full Article

Rexel launches 500 million euro notes offering
Tuesday, 3 May 2016 08:00pm EDT 

Rexel SA:Launches EUR 500 million notes offering.Notes, callable at Rexel's discretion as from June 2019, will rank pari passu with Rexel's senior credit facility and other senior unsecured notes.Proceeds of the issuance of the notes will be used to redeem all or part of the Rexel's 5.125% senior notes issued on April 3, 2013 due June 2020.Rexel will redeem the 2020 notes at a price of 103.844%, plus accrued and unpaid interest.  Full Article

Rexel confirms FY 2016 guidance
Friday, 29 Apr 2016 01:30am EDT 

Rexel SA:Confirms FY 2016 objectives.  Full Article

Rexel gives FY 2016-2020 guidance
Thursday, 11 Feb 2016 02:20am EST 

Rexel SA:Says ‍over 2016-2020 period it aims to grow sales faster than the market.Sees ‍over 2016-2020 an average annual organic sales growth of between 1 percent and 2 percent.Sees 2016-2020 conversion rates of EBITDA into free cash-flow of between 70 percent and 80 percent before interest and tax, between 35 percent and 45 percent after interest and tax.Sees ‍over 2016-2020 growing adjusted EBITA at least twice as fast as sales growth.Intends to accelerate its M&A strategy through targeted accretive acquisitions with a budget of around 1.5 billion euros over 2016-2020 period.Says ‍this level of investment could generate cumulated additional sales of over 2 billion euros.  Full Article

Rexel proposes FY dividend of EUR 0.40/share
Thursday, 11 Feb 2016 01:30am EST 

Rexel SA:Will propose full year dividend of 0.40 euro per share, to be paid fully in cash.  Full Article

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BRIEF-Rexel launches 300 million euros notes offering

* Rexel launches 300 million euros ($316.9 million) notes offering