Report
Delphine Chauvin

Loxam : Updating our recommendations in the wake of the bond offering

Publication date 23/07/2019 08:19 - Writing date 23/07/2019 08:19 - - / - / - - 31 July 2019 Ramirent's Q2 2019 results - - 4 September 2019: Loxam's Q2 2019 results - - - - - - - - - - - - - - - - - - - Loxam completed last week a € 1.4bn bond offering to finance the Ramirent acquisition. The new bonds were issued under the following terms: - - € 700m of senior secured notes due January 2025 (5.5-yr NC2) at 3.25% (vs. price talk of 3.25-3.50%); - - € 450m of senior secured notes due July 20...
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
Delphine Chauvin

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