Thales €500m 0% bond due 2026
Partly replace the €2bn syndicated credit facility and refinance early the two bonds maturing in 2021
Key terms
- Borrower or issuer
- Thales
- Date
- 19 Nov 2020
- Type
- Bond
- Amount
- €500m (US$571m)
- Pricing
- 0%
- Maturity
- 2026
Recorded terms
- Structure
- Fixed-rate bond
- Lenders and arrangers
- Lead managers: Banco Santander, BNP Paribas, CIC, Commerzbank, Crédit Agricole CIB, Deutsche Bank, HSBC, Natixis, Société Générale, UniCredit
- Country
- France
Parties
- Thales borrower or issuer
- bookrunner/arranger: Deutsche Bank, HSBC, BNP Paribas, Credit Agricole CIB, Societe Generale, Santander, Commerzbank, UniCredit, Natixis
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 13 Nov 2020 | L3Harris Technologies US$650m 1.800% notes due 2031 | Bond | US$650m |
| 9 Oct 2020 | Leidos US$1,000m 2.300% notes due 2031 | Bond | US$1bn |
| 16 Sep 2020 | KBR US$250m 4.750% senior notes due 2028 | Bond | US$250m |
| 9 Sep 2020 | BAE Systems US$2bn notes (1.900% 2031 and 3.000% 2050) | Bond | US$2bn |
| 12 Aug 2020 | Booz Allen Hamilton US$700m 3.875% senior notes due 2028 | Bond | US$700m |
More from Thales
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Aug 2026 | Thales €1bn bond to finance the Exail acquisition | Bond | €1bn |
| Oct 2023 | Thales €1.2bn bonds due 2028 and 2031 | Bond | €1.2bn |
| Jun 2023 | Thales €500m 3.625% bond due 2029 | Bond | €500m |
| 7 May 2020 | Thales €700m 1% bond due 2028 | Bond | €700m |
| 21 May 2019 | Thales €500m 0% bond due 2022 | Bond | €500m |
| Apr 2018 | Thales €1bn bond financing the Gemalto acquisition | Acquisition finance | €1bn |
M&A and investment involving Thales
| Date | Deal | Type | Value |
|---|---|---|---|
| 23 Oct 2025 | Airbus, Thales and Leonardo space business combination (Project Bromo) | JV / capital partnership Announced | Not disclosed |
Sources
- Thales press release thales-group.prezly.com · 19 Nov 2020
About this record
Record DEF-2020-0021, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
