Report
Pierre François Merveille

Iliad : Nouvelles obligations Holdco, nouveaux ratings

>Iliad Holding compte émettre 3,6 mds EUR d’obligations en EUR/USD (5NC2 et 7NC3) pour financer le retrait de la cote d’Iliad SA - Les produits de l’émission, ainsi qu’un prêt relais de 1,2 md EUR et 126 m EUR de cash au bilan serviront à financer l’acquisition d’actions Iliad SA dans le cadre du retrait de la cote (2,95 mds EUR), refinancer la dette d’Iliad Holding (1,83 md EUR) et payer les coûts de transaction (141 m EUR). Le prêt relais de 1,2 md EUR sera rembou...
Underlying
Iliad

Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.

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
Pierre François Merveille

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