08.07.2015 18:00:00
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Korian Optimizes Its Financing Through the Successful Issue of a EUR 179m Euro PP
Regulatory News:
Korian (Paris:KORI), European leader in Ageing Well, announced the successful completion of a multi-tranche Euro PP of EUR 179m in a bond format. The Euro PP was placed among major European institutional investors.
The notes are due to be listed on NYSE Euronext Paris from 10 July, 2015:
- ISIN Code FR0012833796: EUR 28m 7-year maturity 2.966% coupon maturing
July 10, 2022
- ISIN Code FR0012833788: EUR 135m 8-year maturity
coupon 3.306% maturing July 10, 2023
- ISIN Code FR0012833804:
EUR16m 10-year maturity coupon 3.740%, maturing July 10, 2025
The prospectus (AMF visa n°: 15-349) relating to the notes is available on Korian’s website (www.korian.com) and also on the AMF’s website (ww.amf-france.org). On the occasion of the release of this prospectus, Korian stated that its consolidated gross debt as at 31 March 2015 had not increased by more than EUR 15m compared to 31 December 2014.
This operation gives Korian the opportunity to further diversify its funding sources and strengthen its financial structure by lengthening the maturity of its debt.
Yann Coléou, Korian's CEO, commented: "This operation is a success in a particularly volatile market environment. It marks a further step in our financing strategy. In addition, it demonstrates the renewed interest of investors in our business model and growth prospects. "
Next event: 22 July 2015 after close of trading
Second Quarter 2015 revenues
ABOUT KORIAN
Korian, Europe’s leading Ageing Well specialist, founded in 2003, has the capacity to accommodate more than 57,500 residents and patients in Europe (France, Germany, Italy and Belgium) and employs around 40,000 people. The Group manages nearly 600 facilities in four business lines: nursing homes, post-acute and rehabilitation clinics, assisted living facilities and home-care services.
For more information, please visit the website: www.korian.com
Korian has been listed on Euronext Paris Compartment B since November 2006 and is included in the following indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small and MSCI Global Small Cap
Euronext ticker: KORI - ISIN: FR0010386334 – Reuters: KORI.PA – Bloomberg: KORI.FP
View source version on businesswire.com: http://www.businesswire.com/news/home/20150708006014/en/
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