Elior Group (Euronext Paris - ISIN: FR0011950732) completed the private placement of €150 million in additional senior bonds bearing an annual interest rate of 5.625% and maturing in 2030. These additional bonds are issued under the bond issuance agreement dated February 4, 2025, governing the existing senior bonds of the Company maturing in 2030. They have the same terms as the existing 2030 bonds, with which they will be assimilated to form a single class. The additional bonds will carry the same ISIN code and will be fungible with the existing 2030 bonds.
Use of Proceeds from the Issue
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The gross proceeds from the issue, supplemented by part of the Company's cash reserves, will be used for: the repayment of senior bonds at 3.750% maturing in 2026 issued under a bond issuance deed dated July 2, 2021; the refinancing of certain amounts drawn under the existing revolving credit facility; and the payment of costs, commissions, and fees related to the issue. The issuance of the additional bonds is expected to take place on March 12, 2026, subject to customary conditions. Crédit Agricole Corporate and Investment Bank served as the sole placement agent.
SectorServices aux entreprises · Hôtellerie / Voyage / Restauration›Services de distribution et de restauration
Context
Period
Period: 2024-2025
Guidance from the release
Ces résultats confirment la trajectoire que nous avons engagée : redressement solide, croissance maîtrisée et ambition durable.
Retour à la profitabilité et à la distribution de dividendes, amélioration de la marge d'EBITA ajusté portée par la Restauration Collective (notamment US et péninsule ibérique) et optimisation opérationnelle ; poursuite du désendettement.
Risks mentioned
Non-renouvellement volontaire de contrats (impact en Italie mentionné)
Moindre demande de prestations d'intérim en France affectant les Multiservices
Ratio de levier encore élevé malgré désendettement (objectif ~3,0x)
Concentration sur grands contrats (dépendance à des signatures majeures)
Opportunities identified
Acquisition de 70% de Health Food & Beverage Group pour renforcer la position en Asie
Grand contrat avec West Virginia University comme relais de croissance en Amérique du Nord
Renforcement du mix clients et gains commerciaux sélectifs (stades UK, éducation, santé)
Amélioration continue de la rentabilité opérationnelle et plan d'innovation SI
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