Redexis completes €650m refinancing
Redexis has completed a €650 million refinancing consisting of a €500 million bond issue and €150 million of bank financing.
Fernando Bergasa Cáceres and Cristina Ávila García
The five-year bond issue – which has a maturity of five years – has an interest rate of 1.875 per cent.
Purchase orders totaled €3 billion, which was six times higher than the volume of bonds issued.
The joint bookrunners for the issue and arrangers of the loan were BBVA, BNP, Caixabank and Intesa Sanpaolo. Rothschild & Co acted as financial advisor.
Allen & Overy acted as legal advisor to Redexis, while Clifford Chance acted for the banks. The auditor was KPMG. BBVA has acted as sustainability agent for the banks.
In addition, Redexis – which is led by chairman Fernando Bergasa Cáceres and COO Cristina Ávila García – launched a buyback offer for bonds that mature in 2021 for redemption, under which €155.9 million of bonds have been repurchased.
The European Commission’s approval of the copyright directive in April threw more gas on the fire. In a few years, the internet has become – among other things – the main market fo
The long-serving boss of Cobepa, Jean-Marie Laurent Josi talks about the business model of a Belgian investment firm that is trusted by major European families, one which marries t
Since the last half of 2008, it is no longer possible to conceal the term ‘crisis’. New paradigms have become apparent and structural changes are predicted. Indeed mar