Egis SA announces today the success of its first public bond offering, in the form of senior unsecured notes in an aggregate principal amount of €450 million, with a 5-year maturity and a fixed coupon of 5.125%. The final books were 5 times oversubscribed, indicating very strong appetite from investors and allowing the Group to upsize the transaction by an additional €50 million compared to the initial €400 million target.
This financing further diversifies the Group's funding sources and significantly extends the maturity of its debt. Egis will mainly use the bond’s gross proceeds to refinance existing indebtedness, primarily to repay in full the €300 million bridge facility contracted for the acquisition of Lochner in the United States, and to prepay €100 million on its 2023 syndicated facility maturing in June 2028.
This successful transaction reflects investors' confidence in Egis' strategic positioning and its ability to execute transformative acquisitions internationally. The acquisition of Lochner in July 2025, the largest in the Group's history, marked a turning point in Egis' development in North America. Present across the entire United States with more than 1,100 professionals operating in 49 permanent offices across 22 states, Lochner enables the Group to offer a comprehensive range of consulting and engineering services covering all aspects of mobility and water resources. Egis intends to make it the central platform for its development in the region, already further strengthened by the acquisition of RockSol in October 2025, a specialist in transportation infrastructure in the Western United States with more than 240 employees.
Egis was advised by Latham & Watkins as legal advisor. BNP Paribas and BofA Securities Europe SA acted as joint global coordinators and joint physical bookrunners; Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale acted as joint bookrunners. The banks were advised by Sullivan & Cromwell as legal advisor.