from ACCOR (EPA:AC)
ACCOR - Accor announces the success of its new senior bond - 04032024
Regulated information
MARCH 4TH, 2024
Accor announces the success of its new senior bond issuance
€600 MILLION 7-YEAR
ANNUAL COUPON OF 3.875%
ISSUE OVERSUBSCRIBED MORE THAN 4 TIMES
On the heels of its record 2023 annual results, Accor today successfully placed a €600 million 7-year bond with a coupon of 3.875%.
The transaction was more than 4 times oversubscribed, reflecting Accor's strong credit quality and investor confidence in its business model, growth potential and financial structure. This transaction enables the Group to take advantage of attractive market conditions and significantly extend the average maturity of its debt.
The proceeds of the issue will be used for the Group's general corporate purposes.
The Group's long-term debt is rated BBB- by Standard & Poor's and Fitch Ratings.
BNP Paribas, Crédit Agricole CIB and Commerzbank acted as global coordinators. CIC, Deutsche Bank, Mizuho and Santander acted as Joint Lead Managers and Bookrunners.
ABOUT ACCOR
Accoris a world leading hospitality group offering experiences across more than 110 countries, over 5,500 properties, 10,000 food & beverage venues, wellness facilities or flexible workspaces. The Group has one of the industry’s most diverse hospitality ecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as Lifestyle with Ennismore. Accor is committed to taking positive action in terms of business ethics & integrity, responsible tourism, sustainable development, community outreach, and diversity & inclusion. Founded in 1967, Accor SA is headquartered in France and publicly listed on Euronext Paris (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit group.accor.comor follow us on X,Facebook,LinkedIn,InstagramandTikTok.
Relations presse
Charlotte Thouvard SVP Group Communications charlotte.thouvard@accor.com | Line Crieloue VP Group External Communications line.crieloue@accor.com |
Relations investisseurs et Analystes
Pierre-Loup Etienne Nastassja Mirza
SVP Investor Relations and Financial Investor Relations and Financial
Communications Communications Executive Director
pierre-loup.etienne@accor.com nastassja.mirza@accor.com
