Teleperformance Purchases €600 Million in Bonds and Refinances Its Debt
Teleperformance announced on Wednesday, May 27, the final results of its tender offer initiated on May 18 for two series of bonds. The operation, funded by the issuance of new senior bonds, is part of a debt refinancing program.
Teleperformance has agreed to purchase existing bonds totaling €250 million for the 2027 bonds (0.250% maturing on November 26, 2027, ISIN FR0014000S75) at a price of 96.294%, and €350.1 million for the 2028 bonds (5.250% maturing on November 22, 2028, ISIN FR001400M2F4) at a price of 104.366%. Due to demand exceeding supply for each series, a pro-rata allocation mechanism was applied: 82.3% for the first and 77.4% for the second.
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Following the operation, the amounts of bonds remaining in circulation will be €250 million for the 2027 bonds and €349.9 million for the 2028 bonds, compared to €500 million and €700 million respectively before the tender offer. The group has thus reduced its total bond outstanding by approximately €600 million.
Timeline and Finalization Conditions
The settlement-delivery of the tender offer is scheduled for May 29, 2026. The completion remains contingent upon the successful issuance of new senior euro bonds under the group's EMTN program, with the settlement-delivery due to take place on May 28, 2026.
SectorServices aux entreprises›Services de soutien aux entreprises
Context
Period
Period: 9M 2025
Guidance from the release
Le troisième trimestre 2025 s’est globalement inscrit dans la continuité du premier semestre et a démontré la résilience de LanguageLine Solutions.
Chiffre d'affaires 9M 2025 de 7 623 millions d’euros (+ 1,5 % à données comparables). Core services porteurs (+ 3,2 % à données comparables sur 9M). Impact négatif des changes et non-renouvellement d’un contrat significatif sur les services spécialisés. Déploiement accéléré des solutions IA et création d’un Value Creation Office.
Risks mentioned
Volatilité de l'environnement commercial aux États-Unis affectant les services d'interprétariat (LanguageLine Solutions)
Non-renouvellement d’un contrat significatif dans la gestion des demandes de visa (TLScontact)
Impact négatif significatif des variations de change (appréciation de l’euro)
Hyperinflation en Argentine et en Turquie (application IAS 29) affectant la comparabilité
Opportunities identified
Déploiement de TP.ai FAB et solutions augmentées par l'IA (plus de 400 nouveaux projets d’IA sur 9M 2025)
Montée en puissance des solutions de back-office et services de données liés à l'IA
Création du Value Creation Office pour accélérer la transformation et améliorer l'efficacité opérationnelle
Croissance attendue en Inde et en Amérique latine pour les solutions BPO et domestiques
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