Rexel in $100 Million High Yield Notes “Tap” Offering

April 23, 2012

Cleary Gottlieb represented the underwriters, led by BofA Merrill Lynch, Barclays Capital and RBS, in a $100 million offering of 6.125% senior notes due 2019. The offering is a re-opening or “tap” of the $400 million issuance that closed on March 28, 2012. The notes were offered in the United States under Rule 144A and outside the United States under Regulation S. The offering priced on April 16, 2012 and closed on April 23, 2012.

Rexel is one of the world’s leading companies in the market for the professional distribution of low and ultra-low voltage electrical products. Cleary Gottlieb represented the underwriters in Rexel’s 2007 IPO and several subsequent financing transactions and has also represented Rexel on M&A, antitrust and financing matters.