Rexel in $500 Million and €650 Million High Yield Notes Offering

April 3, 2013

Cleary Gottlieb represented the underwriters, led by BNP Paribas and J.P. Morgan, in an offering by Rexel of $500 million of its 5.250% senior notes due 2020 and €650 million of its 5.125% senior notes due 2020. The notes were offered in the United States under Rule 144A and outside the United States under Regulation S. The initial $500 million and €500 million offering priced on March 20 and an additional €150 million “tap” offering priced on March 26. The offerings closed on April 3.

Rexel is one of the world’s leading companies in the market for the professional distribution of low and ultra-low voltage electrical products.