Legrand Announces a €500 Million Bond Issue Maturing in 2035
Legrand Announces a €500 Million Bond Issue Maturing in 2035
LIMOGES, France--(BUSINESS WIRE)--Regulatory News:
Legrand (Paris:LR) today completed a fixed-rate bond issue for an amount of €500 million with a 10-year maturity and an annual coupon of 3.625%.
This operation raises the average maturity of bond debt to 5.7 years, with the next repayment date set for March 6, 2026 for an amount of €400 million.
The success of this issue, subscribed close to 3 times at closing, demonstrates once again investor confidence in the soundness of Legrand’s development model.
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Key financial dates
- CSR CMD : March 25, 2025
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2025 first-quarter results : May 7, 2025
“Quiet period1” starts : April 7, 2025 - General Meeting of Shareholders : May 27, 2025
- Ex-dividend date : May 29, 2025
- Dividend payment : June 2, 2025
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2025 first-half results : July 31, 2025
“Quiet period1” starts : July 1, 2025
About Legrand
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide.
The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable.
Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings).
Legrand reported sales of €8.6 billion in 2024. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819).
Disclaimer
The securities mentioned in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. They may not be offered or sold in the United States of America or to, or for the account of or for the benefit of, U.S. persons (as defined in Regulation S of the Securities Act), without registration except pursuant to an exemption from, or a transaction not subject to, the Securities Act.
Legrand does not intend to register the offering, in whole or in part, in the United States or to conduct a public offering in the United States.
This press release is not a prospectus for the purposes of the Regulation (EU) 2017/1129.
1 Period of time when all communication is suspended in the run-up to publication of results
Contacts
Investor Relations & Financial Communication
Ronan MARC (Legrand) +33 1 49 72 53 53. ronan.marc@legrand.com
Press Relations
Lucie DAUDIGNY (TBWA) +33 6 77 20 71 11. lucie.daudigny@tbwa-corporate.com