Regulatory News:
Capgemini (Paris:CAP), one of the world’s foremost providers of
consulting, technology and outsourcing services, launched last November
18 a €500 million 5-year bond issue with a coupon of 5.25%. The
transaction was settled on November 29, 2011.
The transaction, placed with institutional investors following a series
of meetings in the main European market places, was three times
over-subscribed.
For Nicolas Dufourcq, Deputy General Manager and Chief Financial
Officer: "This transaction enables Capgemini to diversify its funding
sources by targeting a new category of investors. Despite difficult
market conditions, our inaugural issue generated strong demand from
investors, demonstrating their interest and confidence in the sector of
IT services, which has so far been underrepresented in the euro bond
market”.
In accordance with the objectives set by Capgemini on the presentation
of its 3rd quarter revenues, this transaction enables the Group to
strengthen its financial flexibility and extend the average maturity of
its debt. Capgemini thereby anticipates the now likely redemption of its
June 2005 issue of bonds convertible/exchangeable into new or existing
shares (OCEANE) maturing on January 1, 2012. Furthermore this has been
achieved without a significant increase in the interest expense
recognized in the Group’s consolidated accounts. Indeed, the OCEANE bond
issue – which in case of conversion could lead to the creation of around
12 million shares – generated a €26 million consolidated charge 2010.
In addition, the loan is rated "BBB-” by the international rating agency
Standard & Poor’s in the Investment Grade category, with a stable
outlook.
BNP Paribas, J.P. Morgan Securities Ltd., HSBC and Société Générale were
the lead banks for this bond issue.
Copies of the prospectus concerning the transaction, filed with the
French Financial Markets Authority (Autorité des marchés financiers,
AMF) on November 25, 2011 under the number n°11-546, may be
obtained free of charge from the head office of Cap Gemini. The
prospectus may also be consulted on the Capgemini website (http://www.capgemini.com/investor/press)
and the AMF website (www.amf-france.org).
o0o
This press release and the information contained herein do not
constitute an offer to sell or subscribe, nor a solicitation of an order
to purchase or subscribe the notes in any country, in particular in the
United States. The distribution of this press release may be restricted
in some countries and persons in possession of this press release should
inform themselves about and comply with any applicable restrictions.
Forward Looking Statements
This press release
contains which could be deemed as forward-looking with respect to
Capgemini`s financial condition, results of operations, business,
strategy or plans. Although Capgemini believes that such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance. Actual results may differ materially
from the forward looking statements as a result of a number of risks and
uncertainties, many of which are outside our control, including but not
limited to the risks regarding antitrust and regulatory approval as well
as the risks described in the documents Capgemini has filed with the
Autorité des Marchés Financiers (French securities regulator) and which
are also available in English and French on our website (www.capgemini.com).
Investors and security holders may obtain a free copy of the documents
filed by Capgemini with the Autorité des Marchés Financiers at www.amf-france.org,
or directly from Capgemini.
The present forward-looking
statements are made as of the date of this presentation and Capgemini
did not disclaim any intention or obligation to provide, update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
