White & Case advises SPIE on €600 million sustainability-linked bond issue

Global law firm White & Case LLP has advised Spie SA (SPIE) on the issuance of €600 million sustainability-linked bonds, with a coupon of 3.875% and maturing in 2031.

The bonds have been admitted to trading on the regulated market of Euronext Paris.

The net proceeds of the issuance will be used for general corporate purposes, accompanying the group's expansion, notably for the self-financing of bolt-on acquisitions, in line with SPIE's disciplined financial policy, while ensuring a consistently high level of liquidity.

This issuance is aligned with the group's strategy to optimise its debt structure while placing its environmental commitments at the core of its financial policy.

The offering was significantly oversubscribed, reflecting strong demand from institutional investors and their confidence in SPIE's credit quality, rated BBB- by Fitch Ratings and BB+ by S&P Global Ratings Europe Limited.

SPIE is the independent European leader in multi-technical services in the areas of energy and communications. SPIE is listed on the regulated market of Euronext Paris.

The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert and Tatiana Uskova and included associate Alice Guillon.

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