Rexel in $400 Million High Yield Notes Offering

March 28, 2012

Cleary Gottlieb represented the underwriters, led by BofA Merrill Lynch, Barclays Capital and RBS, in a $400 million offering of 6.125% senior notes by Rexel, due in 2019. The notes were offered in the United States under Rule 144A and outside the United States under Regulation S. The offering priced on March 21 and closed on March 28.

Rexel is one of the world’s leading companies 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.