LevFinEnergy & RenewablesSIGNED
Audax Completes Debt Refinancing Through EUR 350 Million Senior Bond
Target
Audax
Audax completed the refinancing of its financial debt through a senior bond issue amounting to 350 million euros, maturing in 2031. The transaction accompanied financial results reporting a 38% drop in adjusted profit alongside a 6.8% increase in revenue over the first nine months of the year.
✦ Meridian Analysis
Audax has closed a senior bond issuance of €350 million that will mature in 2031, completing a refinancing of its existing financial debt. The deal is reported as signed.
Audax’s own recent strategic move – the sale of its specialty wire and cable business GCG to Rexel, reported on 25 September.
What remains undisclosed are the bond’s yield, any covenants attached to the issue, and the identity of the lead arrangers. Observers will watch for the final pricing terms and any subsequent covenant package, which will clarify the refinancing’s impact on Audax’s leverage profile and future financing flexibility.
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