MERSEN (EPA:MRN) - Mersen strengthens its financial structure

Transparency directive : regulatory news

01/06/2021 17:40

Press Release

MERSEN STRENGTHENS ITS FINANCIAL STRUCTURE BY EXTENDING THE AVERAGE MATURITY OF
ITS DEBT

PARIS, JUNE 1, 2021 - Mersen (Euronext FR0000039620 - MRN), a global expert in
electrical power and advanced materials, announces that it has signed an
agreement for a US private placement (USPP) with prime North American
investors. The transaction was more than three times oversubscribed.

This financing facility comprises:

* one tranche of USD 60 million with a ten-year term, and

* one tranche of EUR30 million with a seven-year term.

The USPP was issued at competitive financial conditions, with a weighted
average fixed rate of 2.55% over the two tranches. The funds will become
available in October 2021 and will be repayable bullet at maturity.

The transaction is aimed at extending the average maturity of the Group's debt
to six years(1) and refinancing the USD tranche of the USPP maturing in
November 2021 under more favorable conditions.

Two investors that have previously provided financing to the Group under
similar transactions are participating again in this USPP.

Thomas Baumgartner, Chief Financial Officer of Mersen, declared: "The
transaction demonstrates the renewed confidence of our financial partners in
Mersen's financial strength and development. With this USPP, the Group is
maintaining a diverse range of funding sources, following the "Schuldschein"
private placements in euros carried out in 2016 and 2019."

(1) Calculated based on utilizations.

ABOUT MERSEN
Mersen is a global expert in electrical specialties and advanced materials for
high-tech industries. With more than 50 industrial sites and 16 R&D centers in
35 countries around the world, Mersen develops custom-built solutions and
delivers key products for clients in order to meet the new technological
challenges shaping tomorrow's world. For over 130 years, Mersen has focused
tirelessly on innovation to accompany its clients and meet their needs. Be it
in wind power, solar power, electronics, electric vehicles, aeronautics, space
or countless other sectors, wherever technology is progressing, you will always
find a bit of Mersen.

For more information, please consult Mersen's website: www.mersen.com

CONTACTS

MERSEN CONTACT
Véronique Boca
Mersen
Tel.: +33 (0)1 46 91 54 40
dri@mersen.com

MERSEN MEDIA CONTACT
Guillaume Maujean/Xavier Mas
Brunswick
Tel.: +33 (0)1 85
65 83 83
Email: mersen@brunswickgroup.com

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