Plastic Omnium successfully completes a new private placement Schuldschein for €400 million

Plastic Omnium finalized today a private placement governed by German law called Schuldschein for a total amount of 400 million euros.

In particular, the proceeds of this issue will help to anticipate the €300 million refinancing of the Schuldschein due in June 2023.

This private placement, without covenant, of maturities 3, 5 and 7 years, offers an average financing rate of 1.58%. It was arranged by BNP Paribas and Bayern LB.

The amount of the transaction has been increased to 400 million euros against 300 million euros initially planned and demonstrates the interest and confidence of investors in the strategy and strength of Plastic Omnium.

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