Aéroports de Paris Announces €1 Billion Bond Issuance and Tender Offer

Aeroports de Paris ADP ( (FR:ADP) ) has provided an update.

Aéroports de Paris SA announced a dual tranche bond issuance totaling 1 billion euros, with each tranche maturing in 8 and 11 years, respectively. Concurrently, the company launched a tender offer for its 2020 bonds, aiming to manage its debt profile dynamically. The tender offer is conditional on the settlement of the new bonds and involves a maximum acceptance amount of 250 million euros, subject to the company’s discretion. These financial maneuvers are part of ADP’s strategy to balance its bond maturity profile, impacting its financial operations and stakeholder interests.

More about Aeroports de Paris ADP

Groupe ADP, operating as Aéroports de Paris, is a leading company in the aviation industry that designs and operates airports in Paris and globally. In 2024, it managed 26 airports, welcoming nearly 364 million passengers, including over 103 million in the Paris region. The company focuses on high service standards, performance, and decarbonization, transforming airports into multi-energy, multi-modal hubs. It has strategic partnerships with TAV Airports and GMR Airports, enhancing its global presence. In 2024, Groupe ADP reported a revenue of €6,158 million and a net income of €342 million.

YTD Price Performance: -12.35%

Average Trading Volume: 49,143

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €9.77B

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