Leonardo €500m 2.375% Eurobond due 2026
Refinance existing debt and extend average debt life
Key terms
- Borrower or issuer
- Leonardo
- Date
- 1 Jul 2020
- Type
- Bond
- Amount
- €500m (US$571m)
- Pricing
- 2.375%, issued at 98.933%
- Maturity
- 2026
Recorded terms
- Structure
- Fixed-rate notes under the EMTN programme
- Lenders and arrangers
- Joint bookrunners: Banca IMI (Intesa Sanpaolo), BNP Paribas, Crédit Agricole CIB, HSBC, Société Générale, UniCredit, Banca Akros, NatWest Markets, UBI Banca
- Country
- Italy
Parties
- Leonardo borrower or issuer
- bookrunner/arranger: HSBC, BNP Paribas, Credit Agricole CIB, Societe Generale, NatWest, UniCredit, Intesa Sanpaolo
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 9 Jun 2020 | BWX Technologies US$400m 4.125% senior notes due 2028 | Bond | US$400m |
| 4 Aug 2020 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 12 Aug 2020 | Booz Allen Hamilton US$700m 3.875% senior notes due 2028 | Bond | US$700m |
| 18 May 2020 | Lockheed Martin US$1,150m senior notes (2 tranches) | Bond | US$1.15bn |
| 18 May 2020 | RTX (Raytheon Technologies) US$2,000m senior notes (2 tranches) | Bond | US$2bn |
More from Leonardo
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
| Jun 2017 | Leonardo €600m 1.50% Eurobond due 2024 | Bond | €600m |
M&A and investment involving Leonardo
| Date | Deal | Type | Value |
|---|---|---|---|
| 18 Mar 2026 | Leonardo acquisition of Iveco Defence Vehicles | M&A | €1.6bn |
| 23 Oct 2025 | Airbus, Thales and Leonardo space business combination (Project Bromo) | JV / capital partnership Announced | Not disclosed |
| 14 Jan 2025 | Fincantieri acquisition of Leonardo's underwater armaments business (WASS) | M&A | €287m |
| 3 Jan 2022 | Leonardo acquisition of 25.1% of Hensoldt from KKR | Stake sale | €606m |
Sources
- Leonardo press release leonardo.com · 1 Jul 2020
About this record
Record DEF-2020-0013, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
