Report
Anne-Barbara Nicco

But : New bond offering with the inclusion of Conforama into the scope

Mobilux (MOBLUX, B1/B+) has announced an offering of € 250m six-year NC2 senior secured notes pari passu with existing 2028 notes (€ 500m). The purpose of the offering and the use of € 94m of cash on the balance sheet is to refinance the government-backed loan of Conforama (€ 288m), a sister company of BUT, and to buy back € 32m shares held by management in Mobilux Holding 2. The restricted group is to be expanded to include Conforama. The two business scopes (BUT and Conforama) ...
Provider
Oddo BHF
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.

Analysts
Anne-Barbara Nicco

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