Groupement Mousquetaires Completes Inaugural EUR 500M Eurobond
Deal News | Mar 04, 2025 | Addleshaw Goddard
Groupement Mousquetaires, through its financial and legal holding ITM Entreprises, has successfully completed its first EUR 500,000,000 Rated Eurobond, achieving Investment Grade ratings from S&P and EthiFinance. This milestone is part of their strategic effort to diversify their financing sources and strengthen their financial position. Addleshaw Goddard, acting as legal advisor, supported this initiative, contributing to the refinancing of a EUR 1,100,000,000 syndicated credit facility and enhancing the company's growth potential and financial solidity. The issuance, almost six times oversubscribed, signifies robust investor confidence in Groupement Mousquetaires' business model. The bond will mature in 2030 and is trading on the Euro MTF, facilitated by leading financial institutions such as BNP PARIBAS, Natixis, and Societe Generale.
Sectors
- Financial Services
- Retail
- Real Estate
- Agriculture
Geography
- France – Groupement Mousquetaires and ITM Entreprises are based in France, making it a primary geography relevance.
- Luxembourg – The Eurobond is admitted to trading on the Euro MTF operated by the Luxembourg Stock Exchange.
Industry
- Financial Services – The issuance of the Eurobond and its related financial services fall under the Financial Services sector.
- Retail – Groupement Mousquetaires, including brands like Intermarché and Netto, is primarily involved in the retail industry.
- Real Estate – The involvement of Groupement Mousquetaires in real estate, as part of its operations, signifies relevance to the Real Estate sector.
- Agriculture – Groupement Mousquetaires also operates in the agri-food sector, connecting it to the Agriculture industry.
Financials
- EUR 500,000,000 – The value of the inaugural Eurobond issued by Groupement Mousquetaires.
- EUR 1,100,000,000 – The syndicated credit facility provided for acquiring points of sale from Casino France.
- EUR 300,000,000 – The value of the unrated bond issued in July 2024 by Groupement Mousquetaires.
- 4.125% – The interest rate per year on the Eurobond.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Groupement Mousquetaires | Issuer | Company | Groupement Mousquetaires is a major retail group in Europe, responsible for brands like Intermarché and Netto. |
| ITM Entreprises | Holding Company | Company | ITM Entreprises is the financial and legal holding of Groupement Mousquetaires. |
| Addleshaw Goddard | Legal Advisor | Company | A law firm advising on the legal aspects of the Eurobond issuance and other transactions. |
| BNP PARIBAS | Global Coordinator and Active Bookrunner | Company | A key financial institution involved in coordinating the Eurobond issuance. |
| Natixis | Global Coordinator and Active Bookrunner | Company | A key financial institution involved in coordinating the Eurobond issuance. |
| Societe Generale | Global Coordinator and Active Bookrunner | Company | A key financial institution involved in coordinating the Eurobond issuance. |
| Crédit Agricole Corporate and Investment Bank | Active Bookrunner | Company | Involved in managing the book for the Eurobond issuance. |
| HSBC Continental Europe | Active Bookrunner | Company | Involved in managing the book for the Eurobond issuance. |
| La Banque Postale | Active Bookrunner | Company | Involved in managing the book for the Eurobond issuance. |
| Crédit Industriel et Commercial S.A. | Passive Bookrunner | Company | Participated in the bond issuance as a passive bookrunner. |
| Laurent Bonhomme | Director of Financing, Treasury & Financial Communication | Person | Responsible for overseeing the financial communications of Groupement Mousquetaires. |
| Charles Tissier | Partner | Person | Partner at Addleshaw Goddard in France. |
| Casino France | Seller | Company | Previously owned the 284 points of sale acquired by Groupement Mousquetaires. |