Saint-Gobain receives overwhelming investor support in EUR 1.15 billion bond issue

Saint-Gobain receives overwhelming investor support in EUR 1.15 billion bond issue

(PRESS RELEASE) COURBEVOIE, 10-Jan-2023 — /EuropaWire/ — Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, has announced the successful completion of a bond issue of 1.15 billion EUR. The bond issue was split into two tranches, a floating rate note with an 18-month maturity and a coupon of 3 months Euribor +0.20% and a fixed rate note with a 6-year maturity and a coupon of 3.50%. This move by the company allowed them to take advantage of favorable market conditions, to refinance their debt maturities and to optimize their future financing costs. The bond issue was over 2.5 times oversubscribed, which is a clear indication of investors’ confidence in the company’s credit quality. With a total of nearly 200 investors showing interest in the bond issue, it is a strong show of support for the multinational corporation.

This success underlines the relevance of Saint-Gobain’s strategic positioning as worldwide leader in light and sustainable construction, the strong execution of its “Grow & Impact” strategy and its excellent financial performance.

Saint-Gobain’s long-term senior debt is rated BBB (positive outlook) by Standard & Poor’s and Baa1 (stable outlook) by Moody’s.

Global coordinators BofA Securities and HSBC, as well as CaixaBank, Crédit Industriel et Commercial, Credit Suisse, Intesa Sanpaolo S.p.A., Morgan Stanley, MUFG, RBC Capital Markets and Santander, acted as bookrunners on this bond issue.

ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€44.2 billion in sales in 2021
166,000 employees, locations in 76 countries
Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on Twitter @saintgobain

Analyst/ Investor relations

Vivien Dardel: +33 1 88 54 29 77
Floriana Michalowska: +33 1 88 54 19 09
Alix Sicaud: +33 1 88 54 38 70

Press relations

Patricia Marie: +33 1 88 54 26 83
Laure Bencheikh: +33 1 88 54 26 38
Susanne Trabitzsch: +33 1 88 54 27 96

SOURCE: Saint-Gobain

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