Oddo BHF - Fives (Novafives) : Issuance Focus

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Oddo BHF

Mateo Salcedo

Fives (Novafives) : Issuance Focus

Fives, a French leading global industrial group specialized in the design and supply of highly engineered machines, intends to issue new € 425m of senior secured floating rate notes maturing in five years through Nova Alexander III. The issuance proceeds, together with cash on balance sheet, will be used to refinance the existing 2025 € 325m SSNs and the 2025 € 275m senior secured FRNs, and to pay related expenses and fees. Alongside the transaction, the € 115m RCF maturing in De...

18/04/2024 1 EN

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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.

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Analysts

Mateo Salcedo

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Fives (Novafives) : Issuance Focus

France: modest growth, fiscal stability at risk

France : un peu de croissance, pas de stabilité budgétaire

But : Nouvelle émission obligataire avec intégration de Conforama

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