Groupe SEB: Issue of a New €350 Million Schuldschein and Refinancing of the Revolving Credit Facility

Rhea-AI Summary

Groupe SEB announced the successful issuance of a €350 million Schuldschein in December 2021, exceeding the initial target of €200 million due to high demand. The funds will refinance expired financing, extend average debt maturity, and secure attractive financing conditions. The company also refinanced a €990 million revolving credit facility with a 5-year maturity. SEB's short-term debt holds an A2 rating by S&P, reflecting investor confidence in its strategy and outlook.

Positive

• Successful issuance of €350 million Schuldschein, demonstrating strong investor confidence.
• Oversubscription of the bond issue indicates robust demand and positive market reception.
• Refinancing will extend debt maturity and improve financing conditions.

Negative

• None.

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

Groupe SEB (Paris:SK) is pleased to announce the successful issue of a new Schuldschein of €350 million, completed in December 2021, split into 3 maturities of 5, 7 and 10 years.

From an amount initially targeted at €200 million, the placement was increased to €350 million due to very high oversubscription. The high quality orderbook exceeded €1,000 million, attesting once again to investors’ confidence in Groupe SEB’ strategy and outlook.

This new issue will enable Groupe SEB:
- to refinance financing instruments expired in 2021,
- to extend the average maturity of debt,
- to benefit from very attractive financing conditions.

Arrangers of this issue are Commerzbank, Helaba and Société Générale.

Groupe SEB also announces the closing in December 2021 of the revolving credit facility refinancing, for an amount of €990 million and a maturity of 5 years, with 2 extension options of 1 year.

Groupe SEB’s short-term debt is rated A2 by Standard & Poor’s. Its long-term debt is unrated.

Next key dates - 2022
January 25 | after market closes	Provisional 2021 sales
February 25 | before market opens	2021 sales and results
April 28 | after market closes	Q1 2022 sales and financial data
May 19 | 3:00 pm (Paris time)	Annual General Meeting
July 21 | before market opens	H1 2022 sales and results
October 24 | after market closes	9-month 2022 sales and financial data

Find us on www.groupeseb.com

World reference in small domestic equipment, Groupe SEB operates with a unique portfolio of 31 top brands including Tefal, Seb, Rowenta, Moulinex, Krups, Lagostina, All-Clad, WMF, Emsa, Supor, marketed through multi-format retailing. Selling more than 360 million products a year, it deploys a long-term strategy focused on innovation, international development, competitiveness, and service to clients. Present in over 150 countries, Groupe SEB generated sales of €6.9 billion in 2020 and has more than 33,000 employees worldwide.

SEB SA

SEB SA - N° RCS 300 349 636 RCS LYON – with a share capital of €55,337,770 – Intracommunity VAT: FR 12300349636

View source version on businesswire.com: https://www.businesswire.com/news/home/20220109005035/en/

Investor/Analyst Relations

Groupe SEB

Financial Communication and IR Dept

Isabelle Posth

Raphaël Hoffstetter

comfin@groupeseb.com

Tel. +33 (0) 4 72 18 16 04

Media Relations

Groupe SEB

Corporate Communication Dept

Cathy Pianon

Anissa Djaadi

com@groupeseb.com

Tel.: + 33 (0) 6 33 13 02 00

Tel:. + 33 (0) 6 88 20 90 88

Image Sept

Caroline Simon

Claire Doligez

Isabelle Dunoyer de Segonzac

caroline.simon@image7.fr

cdoligez@image7.fr

isegonzac@image7.fr

Tel. +33 (0)1 53 70 74 70

Source: GROUPE SEB

FAQ

What is the significance of Groupe SEB's €350 million Schuldschein issuance?

The €350 million Schuldschein issuance indicates strong investor confidence and will help refinance expired debt while extending the maturity of existing debt.

What was the initial target amount for Groupe SEB's Schuldschein, and how much was ultimately raised?

The initial target for Groupe SEB's Schuldschein was €200 million, but due to overwhelming demand, it was raised to €350 million.

How does Groupe SEB's debt rating affect investor perception?

Groupe SEB's short-term debt is rated A2 by S&P, which enhances investor confidence in the company's financial stability and outlook.

What is the purpose of Groupe SEB's €990 million revolving credit facility refinancing?

The refinancing of the €990 million revolving credit facility will provide Groupe SEB with improved financial flexibility and a longer maturity.