Clariane completes €500 million notes offering, plans €700 million credit facility

  • Clariane completed a €500 million senior notes offering due in 2032.
  • The notes carry a 6.875% annual coupon and are priced at 100% of par.
  • Clariane plans to sign a €700 million revolving facility around September 21, 2026.

Clariane announced on September 8, 2026, the successful offering of €500 million in unsecured euro-denominated senior notes due 2032, carrying a 6.875% annual coupon and issued at par. Settlement is expected on September 21, subject to customary conditions. The company intends to combine the proceeds with cash on hand to repay and cancel €350 million of existing term loans, €150 million of real estate term loans, and offering-related fees. Clariane also expects to sign a new €700 million unsecured syndicated revolving credit facility around the settlement date, replacing its existing facility. The five-year facility will include an accordion allowing commitments to rise to €900 million, with pricing of EURIBOR plus 1.75% to 3.50%, subject to leverage and ESG adjustments. Clariane confirmed its 2023-2026 and 2025-2028 guidance, including wholeco leverage below 5.5x at the end of 2026 and about 5.0x at the end of 2028.

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Clariane completes €500 million notes offering, plans €700 million credit facility - CoinPost Terminal