LafargeHolcim issues medium term notes and completes repurchase tender offer

05.27.2016
 

LafargeHolcim completed transactions that allow the Group to extend the average maturity of its debt and optimize its cost of financing.

As part of these transactions, Lafarge S.A. launched a tender offer to repurchase nine series of notes maturing from 2017 to 2020, subject to the terms set out in the tender offer memorandum dated 19 May 2016.

In addition, Holcim Finance (Luxembourg) S.A. successfully placed, under its Euro Medium Term Note programme, EUR 1,150 million notes with a 7-year maturity and a fixed annual coupon of 1.375 percent and EUR 850 million notes with a 12-year maturity and a fixed annual coupon of 2.250 percent, both guaranteed by LafargeHolcim Ltd. The settlement and listing of the notes on the regulated market of the Luxembourg stock exchange took place on 26 May 2016.

The proceeds of these issues will be used to finance the tender offer of the Lafarge S.A. notes and for general corporate purposes.

During the tender offer period, an aggregate principal amount of EUR 1,094 million equivalent was validly tendered by Noteholders and accepted by Lafarge S.A. for repurchase.

The settlement of the Tender Offer is expected on 31 May 2016.


About LafargeHolcim
With a well-balanced presence in 90 countries and a focus on cement, aggregates and concrete, LafargeHolcim (SIX Swiss Exchange, Euronext Paris: LHN) is the world leader in the building materials industry. The Group has 100,000 employees around the world and combined net sales of CHF 29.5 billion in 2015. LafargeHolcim is the industry benchmark in R&D and serves from the individual homebuilder to the largest and most complex project with the widest range of value-adding products, innovative services and comprehensive building solutions. With a commitment to drive sustainable solutions for better building and infrastructure and to contribute to a higher quality of life, the Group is best positioned to meet the challenges of increasing urbanization.

 

 

Documents

  • Media release - English (pdf, 57.94 KB)
  • Media release - French (pdf, 98.8 KB)