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    REXEL  411  0 Kommentare SUCCESSFUL PLACEMENT OF THE €500 MILLION NOTES OFFERING

    NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

    SUCCESSFUL PLACEMENT OF THE €500 MILLION NOTES OFFERING

    Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, has successfully placed €500 million of its 2.125% unsecured senior notes due 2025 (the "Notes").

    The delivery and settlement and the listing of the notes on the Euro MTF market of the Luxembourg Stock Exchange are expected to occur on or about November 20, 2017.

    The Notes, which mature on June 15, 2025, will be callable as from December 2020.  They will rank pari passu with Rexel's senior credit facility and other senior unsecured notes. The Notes are expected to obtain the following ratings: Ba3 by Moody's (while Rexel's corporate rating is Ba2 with a stable outlook), BB- by S&P (while Rexel's corporate rating is BB with a stable outlook) and BB by Fitch (in line with Rexel's corporate rating with a stable outlook).

    Rexel will use the proceeds of the issuance of the Notes, together with available cash, to redeem the 3.250% senior Euro notes due June 2022 (the "2022 Notes").  Rexel expects to redeem the 2022 Notes on or about December 15, 2017. Rexel can elect not to redeem the 2022 Notes if it does not issue the Notes or if there is a material adverse change in financial markets.

    This issuance will allow Rexel to enhance its financial structure by extending its debt maturity profile and reducing its overall cost of financing.

    Crédit Agricole Corporate and Investment Bank, HSBC Bank plc and Société Générale acted as Joint Global Coordinators, and as Joint Lead Bookrunners for the offering. Barclays Bank PLC, Crédit Industriel et Commercial S.A., ING Bank N.V., London Branch and Natixis acted as Joint Bookrunners, and Bayerische Landesbank and Wells Fargo International Limited acted as Co-Lead Managers.

    Patrick BERARD, Chief Executive Officer, said:

    "The success of this new 7.5-year note issuance confirms investor confidence in Rexel's business model and strategy. It will allow us to refinance the 3.250% notes issued in 2015 at a significantly lower cost.

    This operation constitutes a further step in our continuous efforts to strengthen our balance sheet and reduce our cost of financing."

    This document is not an offer of securities for sale nor the solicitation of an offer to purchase securities in France, in the United States or any other jurisdiction.

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    REXEL SUCCESSFUL PLACEMENT OF THE €500 MILLION NOTES OFFERING NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN SUCCESSFUL PLACEMENT OF THE €500 MILLION NOTES OFFERING Rexel, worldwide expert in the multichannel professional distribution of products and …

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