Carmila Completes Repurchase of Its Existing Bonds
Carmila has successfully completed its tender offer for several tranches of bonds, totaling 313.1 million euros.
Successful Completion of Bond Repurchase Offer
Carmila announced that it has successfully concluded its tender offer on several tranches of existing bonds. The operation involves the 300 million euro bonds at a rate of 1.625% maturing on May 30, 2027, the 350 million euro bonds at a rate of 2.125% maturing on March 7, 2028, the 500 million euro bonds at 5.500% maturing on October 9, 2028, and finally the 325 million euro bonds at a rate of 1.625% maturing on April 1, 2029. The total nominal amount brought and accepted for repurchase amounts to 313.1 million euros. Carmila accepted the repurchase of 57.6 million euros of the 2027 bonds, 60 million euros of the March 2028 bonds, and 195.5 million euros of the October 2028 bonds. No 2029 bonds were repurchased.
Cancellation of Acquired Bonds and Debt Management Strategy
The bonds acquired by Carmila will be canceled in accordance with the planned procedures. The settlement date for this operation is set for October 14, 2025. This strategy is part of the company's proactive debt management and aims to improve the maturity profile of its balance sheet. The decision to repurchase comes in a context of debt restructuring by Carmila, following the inaugural issuance of a 300 million euro green bond on October 2, 2025. This green bond carries a coupon of 3.75% and has a maturity slightly over 7 years.
Strategic Financial Structure Optimization
The tender offer and the issuance of the green bond are part of Carmila's overall strategy to optimize its financial structure. By extending its maturities at potentially more favorable rates, the company seeks to reduce risks associated with its indebtedness and to strengthen its balance sheet. Active debt management is a priority for Carmila, which also announces the publication of its third quarter 2025 financial results on October 23, after market close. This financial communication could provide further insights into the impact of these operations on the financial health of the group.
