Nexans: €500 million bond issue at 4.25% to refinance Republic Wire acquisition
The Courbevoie-based group raised 500 million euros on the bond market to replace the bridge loan contracted to finance the purchase of Republic Wire. The transaction is part of the group's strategy, positioning itself as a specialized player in electrification.
A €500 million bond issue with a five-year maturity
Nexans announced on September 9, 2026 the successful completion of a bond issue with a total nominal amount of 500 million euros, with a maturity of five years and an annual interest rate of 4.25%. The funds raised will be used to refinance the 500 million euro bridge loan concluded with BNP Paribas and Société Générale on April 27, 2026.
This bridge loan had been put in place to finance the acquisition of Republic Wire, completed in June 2026. The bonds are rated BB+ by Standard & Poor's and admitted to trading on the regulated market of Euronext in Paris.
Institutional investors in France and abroad, according to Nexans
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According to the group, the transaction was well received by institutional bond investors in France and abroad, which confirms in its view the market's confidence in the quality of its credit. Vincent Piquet, Chief Financial Officer of Nexans, indicated that this issue confirmed the market's confidence in the strategic acquisition of Republic Wire and in the group's strategy as a specialized player in electrification.
He added that the group intends to continue the execution of this strategy while maintaining a disciplined approach to its financing. Nexans states that it seized the opportunity offered by a resilient market environment.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 4 736 millions d'euros
Quarterly revenue: 4 736 millions d'euros
Revenue growth: -13,7 %
EBITDA: 379 millions d'euros
EBITDA margin: 11,9 %
Net income: 103 millions d'euros
Free cash flow: 165,5 millions d'euros
1 038 millions d'euros
Guidance from the release
Le Groupe relève ses perspectives pour 2026
Risks mentioned
Normalisation de PWR-Transmission : croissance organique de -6,2 % au deuxième trimestre 2026
Effet de mix défavorable dans PWR-Connect : marge en baisse à 11,8 % contre 13,6 %
Pays nordiques toujours contraints par les conditions de marché
Opportunities identified
Acquisition de Republic Wire : entrée sur le marché américain basse tension estimé à 12 Md€
Environ 23 M€ de synergies attendues en régime de croisière d'ici trois ans
Ligne MI de PWR-Transmission chargée jusqu'à mi-2028 et marge visée supérieure à 17 % en 2028
Outlook / guidance
Expected EBITDA: 805 millions d'euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
