Antalis International : Focus Emission
Antalis is poised to issue its first secured bond for an amount of € 325m and a maturity of seven years (2024). The issuance proceeds will mainly serve to reimburse the amount drawn down on Existing Credit Facilities (for € 258m), which will be cancelled at this time, and to finance the group’s general needs, in particular the WCR, for € 50m. The bond is rated B3 at Moody’s and B+ at Fitch, one notch above Antalis’ rating (B), because of a higher estimated recovery rate in case of default.>Antalis SA, formerly known as Antalis International SASU, is a France-based company engaged in the miscellaneous specialty retailers industry. The Company is a distributor of paper, packaging solutions and visual communication products for professionals. It operates through various brands, including Carta, Claro, Coccon, Dito, Idem, Mohawk, RePrint, Xerox, Tom&Otto, Novatech, ePacker, Masterline, Forex, Kapa, Dispa, Dibond, Orafol, Priplak, Avery Dennison, Coala, Pioneer, Image, Data Copy and Data Copy, among others. The Company is a wholly-owned subsidiary of Sequana. It operates internationally in Poland, China, Brazil, Belgium, Bulgaria, Austria, Norway, India, Romania, Colombia, Japan, Mexico, Estonia, Slovenia and Peru, among others.
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.
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