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News  ›  GlobeNewswire Inc.

L’Oréal successfully prices a 1.750 billion euro triple tranche bond

GlobeNewswire Inc. Logo GlobeNewswire Inc. By L'Oréal
L’Oréal successfully prices a 1.750 billion euro triple tranche bond

L'Oréal has successfully priced a €1.750 billion bond offering across three tranches with maturities of 2, 3, and 6 years. The proceeds will be used for general corporate purposes, including financing part of the acquisition of an additional 10% stake in Galderma, bringing L'Oréal's total participation to 20%. The bonds are expected to be rated AA (Stable) by S&P and Aa1 (Stable) by Moody's.

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LRLCY   positive

L'Oréal successfully raised €1.75 billion in debt financing at favorable rates with strong credit ratings (AA/Aa1), demonstrating market confidence. The capital raise supports strategic expansion through increased investment in Galderma, indicating growth ambitions and financial strength.