Edenred in €600 Million Bond Offering

July 2, 2020

Cleary Gottlieb represented Edenred in its €600 million offering of bonds bearing interest at 1.375% and maturing on June 18, 2029.

The bonds are listed on the regulated market of Euronext in Paris. The net proceeds from the issue of the bonds will be used by Edenred for its general corporate purposes and for the refinancing of the €250 million notes issued by Edenred on  October 30, 2013 due October 30, 2020.

The offering, consisting of an international private placement, launched and priced on June 10, 2020 and closed on June 18, 2020.

This offering was led by Barclays Bank Ireland PLC, BNP Paribas, Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, HSBC Bank plc, J.P. Morgan Securities plc, and Société Générale as joint lead managers.

Edenred is a leading services and payments platform and the everyday companion for people at work, connecting 50 million employees and 2 million partner merchants in 46 countries via more than 850,000 corporate clients.