Financial press Release

The Adecco Group Successfully issues USD 300 million Notes

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The Adecco Group Successfully issues USD 300 million Notes

Zurich, Switzerland, 15 November 2017: The Adecco Group, the world’s leading workforce solutions partner, successfully issued USD 300 million 4-year notes with a coupon of 2.625%. The proceeds will be used for general corporate purposes.

 

Yesterday, the Adecco Group successfully issued USD 300 million 2.625% guaranteed notes due 21 November, 2021. The notes were issued through Adecco International Financial Services BV, guaranteed by Adecco Group AG, within the framework of Adecco’s Euro Medium-Term Note Programme. The proceeds will be used for general corporate purposes.

 

 

The details of the notes are as follows:

 

 2021 notes

 

 

 Principal amount:

USD 300 million

 

 Coupon:

2.625% p.a.

 

 Maturity:

21 November 2021

 

 Issue price:

99.334%

 

 Redemption price:

100%

 

 

 

The expected settlement date for the notes is 21 November, 2017.

 

Adecco Group AG is currently rated as follows by international rating agencies: Standard & Poor’s (BBB+ stable) and Moody’s (Baa1 stable).

 

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