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  • Paris
  • October 25, 2018
On October 18th, 2018, JCDecaux SA (Euronext Paris: DEC) successfully placed €300 million of 2-year floating rate notes, maturing in October 2020, at Euribor 3 month + 0.27% (coupon set at Euribor 3 month + 0.33%, floored at 0%; issuing price set at 100.122%). The notes have been subscribed more than 3 times and have been placed with European institutional investors of high quality. The transaction was arranged by BNP Paribas and Goldman Sachs International.

JCDecaux also implemented a NEU CP program (Negotiable European Commercial Paper, ex Billets de Trésorerie) for a maximum amount of €500 million, registered at the Banque de France on October 16th, 2018(1). This program enables the Group to diversify its funding sources and to benefit from an additional short term financing tool at competitive conditions. €310 million have already been issued under this program through the five following dealers: BNP Paribas, Crédit Agricole CIB, CIC, Natixis and Société Générale (the domiciliation agent being CACEIS Corporate Trust).

JCDecaux has also registered with the Banque de France a NEU MTN program (Negotiable European Medium Term Notes) for a maximum amount of €500 million, that may be used for future needs.

The proceeds of these new financing sources will be dedicated to the acquisition of APN Outdoor and for general corporate purposes. They complement the existing €750 million notes issued in June 2016, maturing in June 2023, and a committed revolving credit facility of €825 million, maturing in 2022, which is undrawn to date.

In the context of the implementation of these financings, David Bourg, Chief Financial & Administrative Officer of JCDecaux SA and member of the Executive Board, said: “The success of these issuances demonstrates once again the quality of our signature and our strong balance sheet.”

Link to the AMF prospectus of the Bond issuance: https://www.jcdecaux.com/investors/regulated-information
Link to the documentation of the NEU CP and the NEU MTN programs: https://www.banque-france.fr/en/politique-monetaire.html/244

(1) Pursuant to article D213-2 of the French Monetary and Financial Code, the Banque de France is in charge of ensuring that NEU commercial paper issuance conditions are met by issuers as per articles L 213-1 A to L 213 4 1 and articles D 213-1 A to D 213-14 of the French Monetary and Financial Code.

 

Key figures

  • 2017 revenue: €3,493m*, H1 2018 revenue: €1,643m
  • JCDecaux is listed on the Eurolist of Euronext Paris and is part of the Euronext 100 and Euronext Family Business indexes
  • JCDecaux is part of the FTSE4Good index
  • N°1 worldwide in street furniture (543,050 advertising panels)
  • N°1 worldwide in transport advertising with more than 215 airports and 250 contracts in metros, buses, trains and tramways (356,320 advertising panels)
  • N°1 in Europe for billboards (141,630 advertising panels)
  • N°1 in outdoor advertising in Europe (672,220 advertising panels)
  • N°1 in outdoor advertising in Asia-Pacific (216,290 advertising panels)
  • N°1 in outdoor advertising in Latin America (77,190 advertising panels)
  • N°1 in outdoor advertising in Africa (26,770 advertising panels)
  • N°1 in outdoor advertising in the Middle-East (18,650 advertising panels)
  • Leader in self-service bike rental scheme: pioneer in eco-friendly mobility
  • 1,074,113 advertising panels in more than 80 countries
  • Present in 4,033 cities with more than 10,000 inhabitants
  • 13,040 employees

* Restated from the retrospective application of IFRS 15, applicable from January 1st, 2018

Contact

Corporate Communications : Agathe Albertini +33 1 30 79 37 35 dircom@jcdecaux.com
Investor Relations : Arnaud Courtial arnaud.courtial@jcdecaux.com

Published in INVESTORS