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PARIS - French linen and workwear rental company Elis SA announced a €350 million bond offering with a 3.375% coupon maturing on September 2, 2031, according to a press release statement.
The bonds are being offered at a price of 99.9252, giving investors a yield slightly above the coupon rate. Societe Generale is acting as the Stabilisation Coordinator for the transaction.
The stabilisation period is expected to begin on August 26, 2025, and end no later than October 2, 2025. During this time, the Stabilisation Manager may conduct transactions to support the market price of the securities at a level higher than might otherwise prevail, though stabilisation is not guaranteed to occur.
The announcement indicates the bonds will have a six-year term. The offering represents a standard corporate financing activity for Elis, which provides textile, hygiene, and facility services across Europe.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered in the United States. The offering is primarily directed at qualified investors in the UK and European Economic Area in accordance with applicable regulations.
Elis trades under the ticker ELISGP on Euronext Paris. The company has not specified how it intends to use the proceeds from this bond issuance.
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