Arkema Successfully Launched a €400 Million Bond Issue

Rhea-AI Summary

Arkema has completed a €400 million bond issue with an eight-year maturity and a 3.50% annual coupon, marking a significant move in its financing strategy. This initiative is aimed at extending the average maturity of financing resources and starting the refinancing process for upcoming bond maturities. The company holds a strong credit rating of BBB+ from Standard & Poor’s and Baa1 from Moody’s. With around €9.5 billion in sales reported in 2021 and operations in 55 countries, Arkema is focused on becoming a pure player in Specialty Materials by 2024, emphasizing innovation in materials science.

Positive

• Successfully issued €400 million in bonds to extend maturity of financial resources.
• Credit ratings of BBB+ (S&P) and Baa1 (Moody's) provide strong financial credibility.
• Focus on becoming a pure player in Specialty Materials by 2024, indicating strategic direction.

Negative

• None.

COLOMBES, France--(BUSINESS WIRE)-- Regulatory News:

Arkema (Paris:AKE) successfully completed today a €400 million bond issue with an eight-year maturity and an annual coupon of 3.50%.

This operation was carried out as part of the Group’s financing policy. It will enable the Group to extend the average maturity of its financial resources and initiate the refinancing of its upcoming bond maturities.

Arkema is rated BBB+ by Standard & Poor’s and Baa1 by Moody’s (stable outlook).

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Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials. With the ambition to become in 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials - Adhesive Solutions, Advanced Materials, and Coating Solutions - accounting for some 85.5% of Group sales in 2021, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around €9.5 billion in 2021, and operates in some 55 countries with 20,200 employees worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230116005463/en/

Investor relations contacts

Béatrice Zilm,

+33 (0)1 49 00 75 58

beatrice.zilm@arkema.com

Peter Farren

+33 (0)1 49 00 73 12

peter.farren@arkema.com

Mathieu Briatta

+33 (0)1 49 00 72 07

mathieu.briatta@arkema.com

Caroline Chung

+33 (0)1 49 00 74 37

caroline.chung@arkema.com

Press contact

Anne Plaisance

+33 (0)6 81 87 48 77

anne.plaisance@arkema.com

Source: Arkema

FAQ

What was the amount and terms of Arkema's recent bond issue?

Arkema issued €400 million in bonds with an eight-year maturity and a 3.50% annual coupon.

Why did Arkema issue €400 million in bonds?

The bond issue aims to extend the average maturity of its financial resources and initiate refinancing for upcoming bond maturities.

What are Arkema's credit ratings?

Arkema holds a credit rating of BBB+ from Standard & Poor’s and Baa1 from Moody’s.

What are Arkema's sales figures for 2021?

Arkema reported sales of approximately €9.5 billion in 2021.

What is Arkema's strategic goal for 2024?

Arkema aims to become a pure player in Specialty Materials by 2024.