Report
Alain Afflelou : New bond offering
Afflelou SAS has launched a € 560m five-year NC2 senior secured bond offering aimed at refinancing all its outstanding debt and, together with the use of cash from balance sheet, paying a dividend to shareholders. Such a transaction was much awaited. It will moderately releverage the capital structure (+0.8x to 5.2x), while simply bringing net leverage back towards its mid-2023 level. - In view of Afflelou’s legendary top line and free cash-flow resilience, its solid track record ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Anne-Barbara Nicco
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