EDENRED (EPA:EDEN) - EDENRED S.A.: Successful €500 million bond issue

Transparency directive : regulatory news

29/11/2018 17:46

Press release
November 29th, 2018

SUCCESSFUL EUR500 MILLION BOND ISSUE

Edenred, the world leader in transactional solutions for companies, employees
and merchants, today announced the success of its EUR500 million 7-year bond
issue. The bonds mature on March 6, 2026 and will pay a coupon of 1.875%.

The new bond issue will help finance Edenred's growth plans, including the
acquisition of Corporate Spending Innovations (CSI), one of the leading
providers of automated corporate payment solutions in North America. It will
also provide Edenred with greater financial flexibility, extend the maturity of
its debt and diversify its financial resources under favorable conditions.

Placed with a diverse base of international institutional investors, the bond
issue was more than two times oversubscribed - with total demand amounting to
more than EUR1 billion - reflecting the market's confidence in the Group's
credit quality.

Patrick Bataillard, Executive Vice President, Finance, said: "The success of
the bond issue under favorable conditions reflects the confidence investors
place in Edenred's strategy of profitable and sustainable growth."

Edenred is rated "BBB+/A-2" with a stable outlook by rating agency Standard &
Poor's, which means its securities are considered "strong investment grade" by
market participants.

Barclays, BNP Paribas, Citi, Crédit Agricole CIB and Société Générale CIB
served as joint active bookrunners. Crédit Mutuel-CIC, HSBC and ING also acted
as joint bookrunners.

Edenred is the world leader in transactional solutions for companies, employees
and merchants, with business volume of more than EUR26 billion generated in
2017, of which 78 % through digital formats. Whether delivered via mobile,
online platform, card or paper voucher, all of these solutions mean increased
purchasing power for employees, optimized expense management for companies and
additional business for partner merchants.
Edenred's offer is built around three business lines:
* Employee benefits (Ticket Restaurant(r), Ticket Alimentación, Ticket Plus,
Nutrisavings, etc.)
* Fleet and mobility solutions (Ticket Log, Ticket Car, UTA, Empresarial,
etc.)
* Complementary solutions, including corporate payments (Edenred Corporate
Payment), incentives and rewards (Ticket Compliments, Ticket Kadéos) and
public social programs.
The Group brings together a unique network of 44 million employees, 770,000
companies and public institutions, and 1.5 million merchants.
Listed on the Euronext Paris stock exchange and part of the CAC Next 20 index,
Edenred operates in 45 countries, with close to 8,000 employees.

Follow Edenred on Twitter: www.twitter.com/Edenred

The logos and other trademarks mentioned and featured in this press release are
registered trademarks of Edenred S.A., its subsidiaries or third parties. They
may not be used for commercial purposes without prior written consent from
their owners.

CONTACTS

Edenred Media Relations

Anne-Sophie Sibout
+33 (0)1 74 31 86 11
anne-sophie.sibout@edenred.com

Anne-Sophie Sergent
+33 (0)1 74 31 86 27
anne-sophie.sergent@edenred.com

Edenred Investor Relations

Solène Zammito
+33 (0)1 74 31 88 68
solene.zammito@edenred.com

Loïc Da Silva
+33 (0)1 74 31 87 09
loic.dasilva@edenred.com

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