Dette

Dette nette

Au 31 décembre 2024, la dette financière nette du groupe s’élève à 2 483,9 millions d’euros, soit 3 220,9 millions d’euros de dette financière brute moins 883,3 millions d’euros de trésorerie et équivalents de trésorerie, plus 146,3 millions d’euros autres.

(in millions of euros)

Dec 31 2024

Dec 31 2023

Dec 31 2022

Dec 31 2021

Dec 31 2020

Senior notes

1,378.1

1,370.1

953.2

999.5

1,105.5

Schuldschein

200.0

–

–

–

–

Senior Credit Agreement

80.0

50.0

–

–

–

Securitization

1,3361.1

1,183.5

1,183.5

905.0

818.4

Medium Term Notes

60.6

49.9

–

–

–

Commercial paper

34.8

34.9

45.0

125.5

50.0

Other debt & cash

(597.7)

(726.9)

(723.3)

(478.8)

(639.0)

Net financial debt

2,483.9

1,961.5

1,458.4

1,551.2

1,334.9

Profil de maturité des financements

Ratio d’endettement

Au 31 décembre 2024, le ratio d’endettement* de Rexel s’est élevé à 1,83x.

Instruments de financement

As of December 31, 2023.

Instrument

Date of implementation

Size of the program

(in millions of currency)

Outstanding amount

(in millions of currency)

Documentation

Commercial paper

September 2010

€ 300.0

€ 35.0

 Financial file*

Neu MTN

June 2022

€ 100.0

€ 50.0

 Financial file*

*French version only

Senior notes

Nominal amount

(in millions)

Maturity

Coupon

Rating

ISIN

1st call date

Moody’s / S&P

Regualtion S

144 A

144 A
€ 400.0

June 15, 2028

2,125%

Ba1 / BB+

XS2332306344

June 15, 2024
€ 600.0

Dec 15, 2028

2.125%

BA1 / BB+

XS2403428472

Dec 15, 2024
€ 400.0

Sept 15,  2028

5.25%

BA1 / BB+

XS2655993033

Sept 15, 2026

Listing: Luxembourg Stock Exchange - Euro MTF Market

Senior Credit Agreement

Senior Credit Agreement extended to 23 January 2030 in January 2025.

Maximum Amount (in million euros)

Drawn amount

Maturity

EUR 700.0

EUR 0.0

January 23, 2029

Sustainability-Linked Bond

Sustainability-Linked Bond Framework

Second Party Opinion on Rexel’s Sustainability-Linked Bond Framework

Independent practitioner’s limited assurance report on the 2016 baseline

Independent practitioner’s limited assurance report on the 2023 figures

Target Satisfaction Notice

October 2021

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April 2021

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Septembre 2023

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Redemption of senior notes

Notation de l'émetteur

Agencies

Long term rating

Short term rating

Outlook

Releases

Moody’s

Ba1

–

Stable

 August 27, 2024

Standard & Poor’s

BB+

B

Stable

 August 27, 2024