Safran successfully closed its inaugural U.S. Private Placement notes issue of USD 1.2 billion with 7, 10 and 12-year maturities

Paris, February 10, 2012 - Safran (NYSE Euronext: SAF) issued USD 1.2 billion of senior unsecured notes on the U.S. Private Placement market.

  • USD 155 million notes due February 2019 at a 3.70% coupon
  • USD 540 million notes due February 2022 at a 4.28% coupon
  • USD 505 million notes due February 2024 at a 4.43% coupon

This transaction enables Safran to diversify its funding sources at attractive conditions, to lengthen the maturity of its debt profile and to provide long term funding for the acquisitions made in the past 3 years, notably in the U.S.

The placement which was made to a broad group of accredited institutional investors demonstrated the confidence that debt investors have in the Group's strategy and long term development.

The placement agents and joint bookrunners of this transaction were BofA Merrill Lynch and Citi.

The securities referenced above will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

* * *

Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC40 index.
For more information, / Follow @SAFRAN on Twitter

Catherine MALEK
Tél. +33 (0)1 40 60 80 28
Mob. +33 (0)6 07 83 59 73

Investor Relations
Pascal Bantegnie
Tél. +33 (0)1 40 60 80 45

Antoine-Pierre de Grammont
Tél. +33 (0)1 40 60 80 47

Hit enter to search or ESC to close