SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ SUCCESSFULLY PLACES HYBRID BONDS FOR A TOTAL AMOUNT OF €600 MILLION IN CONNECTION WITH THE FINANCING OF GE WATER ACQUISITION

Transparency directive : regulatory news

10/04/2017 20:12

Press release

Paris, 10 April 2017

SUEZ SUCCESSFULLY PLACES HYBRID BONDS FOR A TOTAL AMOUNT OF EUR600 MILLION IN
CONNECTION WITH THE FINANCING OF GE WATER ACQUISITION

Following the announcement on March 8th of the project to acquire GE Water &
Process Technologies together with Caisse de dépôt et placement du Québec
(CDPQ), SUEZ announced today it has successfully priced an offering of undated
deeply subordinated hybrid bond for an amount of EUR600 million.

After the senior unsecured notes issued on April 3rd for a total amount of
EUR1.2 billion, this hybrid transaction constitutes the second step in
refinancing the acquisition. With this hybrid issuance, the Group is also
optimizing its balance sheet structure. The Issuer may, at its option, redeem
all of the Notes in the event of the non-completion of the acquisition.

The new hybrid bonds, accounted for as 100% equity under IFRS standards and as
50% equity by the rating agency Moody's, have an initial fixed coupon of
2.875%, which will be revised for the first time seven years after issuance on
the basis of the 5-year swap rate, and then, every five years.

The settlement of the offering is expected to occur on April 19th.

The hybrid bonds are expected to be rated Baa2 with stable outlook by Moody's
in line with outstanding hybrid bonds issued by SUEZ in 2014 and 2015.

Following approval by the Autorité des Marchés Financiers (AMF), the prospectus
of the new issue will be available on the Group's website (www.suez.com) and
on the AMF website (www.amf-france.org).

About SUEZ

We are at the dawn of the resource revolution. In a world facing high
demographic growth, runaway urbanisation and the shortage of natural resources,
securing, optimising and renewing resources is essential to our future. SUEZ
(Paris: SEV, Brussels: SEVB) supplies drinking water to 92 million people,
delivers wastewater treatment services to 65 million, recovers 16 million tons
of waste each year and produces 7 TWh of local and renewable energy. With
82,536 employees, SUEZ, which is present on all five continents, is a key
player in the sustainable management of resources. SUEZ generated total
revenues of EUR15.3 billion in 2016.

CONTACTS

Media
Ophélie Godard
+33 1 58 81 54 73
ophelie.godard@suez.com

Analysts / Investors
+33 1 58 81 24 05

SUEZ
Siège social - Tour CB21 - 16 place de l'iris, 92040 Paris La Défense Cedex,
France - Tel : +33 (0)1 58 81 20 00 - www.suez-environnement.fr SA au capital
de 2 263 664 780 euros - Siren 433 466 570 RCS NANTERRE - TVA FR 76433 466 570

SUEZ ENVIRONNEMENT's latest news

01/02/2022 08:00

SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ SUCCESSFULLY PLACES HYBRID BONDS FOR A TOTAL AMOUNT OF €600 MILLION IN CONNECTION WITH THE FINANCING OF GE WATER ACQUISITION

Transparency directive : regulatory news

SUEZ ENVIRONNEMENT's latest news

Other stories