Econocom, a pioneering group supporting the digital transformation of private and public organizations, has successfully completed a €240 million Schuldschein private placement, initially launched at €100 million. The transaction was very strongly oversubscribed, reflecting investor appetite and confidence in the Group.
The transaction is structured in 3-year and 5-year tranches, denominated in euros, predominantly at floating rates. The proceeds enable the early refinancing of Econcocom’s 2027 and 2028 Schuldschein maturities. Following the transaction, Econocom has fully refinanced its 2027 maturity (€132 million) and 70% of its 2028 maturity (€108 million out of €155 million).
This strong demand demonstrates the interest and confidence of investors in Econocom’s strategy, its diversified business mix, as well as in the quality of its financial profile.
This transaction reinforces Econocom’s balance sheet and extends the maturity profile of its debt, reflecting the Group’s proactive and disciplined approach to liability management.
Commerzbank and Landesbank Baden-Württemberg acted as Joint Lead Arrangers, with ABN AMRO, Crédit Agricole CIB and Crédit Lyonnais acting as Co-Lead Arrangers for the placement.
Philippe Renauld, Managing Director Finance and M&A of Econocom Group, said: “This transaction is a strong testament to investor confidence in Econocom’s business model and financial discipline. It also aims to support the transformation of the Group and the execution of the one Econocom plan. The level of oversubscription allowed us to significantly upsize the placement and proactively address our upcoming maturities. We have now fully covered our 2027 refinancing needs and a large portion of 2028, materially extending our debt maturity profile toward 2029 and 2031 and further strengthening our financial flexibility.”