Thales €700m 1% bond due 2028
Partly replace the €2bn syndicated credit facility signed in April 2020
Key terms
- Borrower or issuer
- Thales
- Date
- 7 May 2020
- Type
- Bond
- Amount
- €700m (US$799m)
- Pricing
- 1%
- Maturity
- 2028
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 |
|---|---|---|---|
| 12 May 2020 | Leidos US$1,750m senior notes (3 tranches) | Bond | US$1.75bn |
| 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 |
| 8 Apr 2020 | BAE Systems US$1.3bn 3.400% notes due 2030 | Bond | US$1.3bn |
| 9 Jun 2020 | BWX Technologies US$400m 4.125% senior notes due 2028 | Bond | US$400m |
More from Thales
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Aug 2026 | Thales €1bn bond to finance the Exail acquisition | Bond | €1bn |
| Oct 2023 | Thales €1.2bn bonds due 2028 and 2031 | Bond | €1.2bn |
| Jun 2023 | Thales €500m 3.625% bond due 2029 | Bond | €500m |
| 19 Nov 2020 | Thales €500m 0% bond due 2026 | Bond | €500m |
| 21 May 2019 | Thales €500m 0% bond due 2022 | Bond | €500m |
| Apr 2018 | Thales €1bn bond financing the Gemalto acquisition | Acquisition finance | €1bn |
M&A and investment involving Thales
| Date | Deal | Type | Value |
|---|---|---|---|
| 23 Oct 2025 | Airbus, Thales and Leonardo space business combination (Project Bromo) | JV / capital partnership Announced | Not disclosed |
Sources
- Thales press release thales-group.prezly.com · 7 May 2020
About this record
Record DEF-2020-0008, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
