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Eurofins Efficiently Costs New €600m 7-Yr 4%-Coupon Senior Unsecured Bonds


Jun 21, 2022

LUXEMBOURG–()–Regulatory Information:

Eurofins Scientific (Paris:ERF) (EUFI.PA, rated Baa3/optimistic by Moody’s and BBB/stable- by Fitch, “Eurofins”), a worldwide chief in bioanalytical testing, pronounces that it has efficiently raised €600m in its newest senior unsecured Euro-denominated public bond issuance (the “Bonds”). The Bonds have a 7-year maturity (due on 6 July 2029) and can bear an annual fastened charge coupon of 4%. The transaction was properly acquired and was greater than 2.3x over-subscribed.

As introduced this morning, the usage of proceeds of these bonds is to proactively handle the repurchase of Eurofins’ €300m Deeply Subordinated Fastened to Floating charge bonds (ISIN: XS2051471105) issued 11 September 2019 with a primary name date in August 2022 (the “2022 Hybrid Bonds“) and its €300m Deeply Subordinated Fastened to Floating charge bonds (ISIN: XS1224953882) issued 29 April 2015 with a primary name date in April 2023 (the “2023 Hybrid Bonds“) which can be at the moment underneath tender affords.

Remark from the CEO, Dr. Gilles Martin: “We’re very happy with the outcomes of our newest public bond issuance, which demonstrates once more the arrogance from Eurofins’ traders regardless of a tough market setting.”

The Bonds will probably be listed from their challenge date (29 June 2022) on the regulated market of the Luxembourg inventory trade (ISIN XS2491664137). The Bonds usually are not registered underneath the US Securities Act of 1933 as amended (the “Securities Act”) and is probably not supplied or offered in (i) the USA (as such time period is outlined in Regulation S underneath the Securities Act) except registered underneath the Securities Act or pursuant to an exemption from such registration nor (ii) in every other jurisdiction the place it’s illegal to take action.

About Eurofins – the worldwide chief in bio-analysis

Eurofins is Testing for Life. Eurofins is the worldwide chief in meals, setting, pharmaceutical and beauty product testing, and in discovery pharmacology, forensics, superior materials sciences and agroscience Contract Analysis companies. Eurofins can also be a market chief in sure testing and laboratory companies for genomics, and within the assist of medical research, in addition to in BioPharma Contract Improvement and Manufacturing. The Group additionally has a quickly growing presence in extremely specialised and molecular medical diagnostic testing and in-vitro diagnostic merchandise.

With 58,000 employees throughout a decentralised and entrepreneurial community of 900 laboratories in 54 international locations, Eurofins affords a portfolio of over 200,000 analytical strategies to guage the security, identification, composition, authenticity, origin, traceability and purity of a variety of merchandise, in addition to offering progressive medical diagnostic testing companies and in-vitro diagnostic merchandise.

The Group’s goal is to supply its prospects with high-quality companies, progressive options and correct outcomes on time. Eurofins is ideally positioned to assist its purchasers’ more and more stringent high quality and security requirements and the rising calls for of regulatory authorities in addition to the necessities of healthcare practitioners world wide.

In 2020 and 2021, Eurofins reacted shortly to satisfy the worldwide problem of COVID-19, by creating the capability to assist over 20 million sufferers month-to-month who might have been impacted by the pandemic with our testing merchandise and our companies and straight supporting healthcare professionals engaged on the entrance line to struggle the virus. The Group has established widespread PCR testing capabilities and has carried out over 40 million assessments in its personal laboratories, is supporting the event of quite a lot of vaccines and has established its SAFER@WORK™ testing, monitoring and consulting programmes to assist guarantee safer environments, journey and occasions throughout COVID-19.

Eurofins has grown very strongly since its inception and its technique is to proceed increasing its expertise portfolio and its geographic attain. By R&D and acquisitions, the Group attracts on the most recent developments within the area of biotechnology and analytical chemistry to supply its purchasers distinctive analytical options.

Shares in Eurofins Scientific are listed on the Euronext Paris Inventory Change (ISIN FR0014000MR3, Reuters EUFI.PA, Bloomberg ERF FP).

Till it has been lawfully made public broadly by Eurofins by accredited distribution channels, this doc comprises inside data for the aim of Regulation (EU) 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, as amended.

Vital disclaimer:

This press launch comprises forward-looking statements and estimates that contain dangers and uncertainties. The forward-looking statements and estimates contained herein characterize the judgment of Eurofins Scientific’s administration as of the date of this launch. These forward-looking statements usually are not ensures for future efficiency, and the forward-looking occasions mentioned on this launch might not happen. Eurofins Scientific disclaims any intent or obligation to replace any of those forward-looking statements and estimates. All statements and estimates are made based mostly on the knowledge out there to the Firm’s administration as of the date of publication, however no ensures may be made as to their completeness or validity.

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