This operation includes the issue of OBSAAR with pre-emptive rights.
This operation will enable Mr Bricolage S.A. to accompany its development, mainly aiming to contribute to the financing of the recent external growth operations announced by the Group:
- acquisition of the “Briconautes” group, including the referencing agency Le Club, 16 Integrated Stores operating under the Les Briconautes store name and the property on 10 of these sites ;
- acquisition of 2 stores operating under the Mr.Bricolage store name (Cholet and La Roche sur Yon) and the relevant property.
Mr Bricolage S.A. will benefit from low-cost bond financing on a short-term basis, and possible reinforcement of company equity via BSAAR on a long-term basis.
The Group also reiterates that the transfer of Seguin, a third party warehouse located in Sourdeval, completed for an amount of approximately 5 M EUR, and the planned transfer of 2 real estate sites to the Icade group during the 4th quarter of 2009, for an amount of approximately 10 million euros, will also contribute to the financing of the above acquisitions.
This operation was subject to a takeover bid circular approved by the AMF on 20 October 2009 under the number 09-303.
Access the updated Reference document
Update of 23 October: External growth operation and financing
Tags: amf, document, émission, emprunt, obligataire, obsaar, référence
