Nexans Issues €500 Million Bond to Refinance Acquisition Debt
Nexans has secured €500 million in new debt to replace a short-term loan used for the Republic Wire acquisition.
Nexans issued a €500 million bond on September 9, 2026. The transaction replaces a bridge loan used to acquire Republic Wire. The new debt carries a fixed annual coupon of 4.25%. The maturity date is set at five years. This move locks in funding costs for the near term.
Refinancing the Republic Wire Purchase
The proceeds fully cover the previous bridge term loan. That loan was arranged with BNP Paribas and Société Générale in April 2026. It funded the acquisition of Republic Wire in June 2026. The company now holds a longer-term instrument instead of temporary bridge financing. This structure provides stability to the balance sheet.
Market Reception and Credit Rating
Standard & Poor’s assigned a BB+ rating to the new bonds. The securities are listed on the regulated market of Euronext Paris. Institutional investors in France and abroad participated in the deal. The company cited a resilient market environment for the timing of the issuance. Management stated that the transaction confirms confidence in the credit quality.
Strategic Focus on Electrification
Nexans describes itself as a pure player in sustainable electrification. The company operates through three core business segments. These include PWR Transmission, PWR Grid, and PWR Connect. The CFO noted the deal supports the strategic acquisition of Republic Wire. The company aims to maintain a disciplined approach to financing while executing its strategy.
