Spie Announces Offering

SPIE has announced an offering of 375 million euro ($500.9 million) senior notes due 2019 by SPIE Bondco 3 S.C.A., its indirect parent company. The proceeds of the offering will be used to repay amounts outstanding on a bridge loan facility used to finance the acquisition of Financière SPIE by Clayton, Dubilier & Rice, AXA Private Equity, Caisse de dépôt et placement du Québec, and members of management. Cergy, France-based SPIE is a technical service provider to the industrial, commercial and infrastructure sectors.

PRESS RELEASE

SPIE today announces an offering of €375 million senior notes due 2019 by SPIE Bondco 3 S.C.A., its indirect parent company. The notes will be guaranteed by certain subsidiaries of SPIE BondCo 3 S.C.A. The proceeds of the offering, together with cash on hand, will be used to repay all amounts outstanding on a bridge loan facility used to finance the acquisition of Financière SPIE by investment funds managed by Clayton, Dubilier & Rice LLC, investment funds managed or advised by AXA Private Equity, Caisse de dépôt et placement du Québec, and members of management. The notes being offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended.
About SPIE
SPIE is an independent multi-technical service provider, delivering solutions with a high technical content to a diverse range of customers in the industrial, commercial and infrastructure sectors, together with public authorities in Europe and selected other countries. SPIE is the leading independent technical services provider in France and the second largest in Europe, in each case, in terms of sales. SPIE provides its services to its customers through the following five operating segments: it delivers multi-technical regional services (MRS) through its MRS-France and MRS-Rest of Europe operating segments, and it has three specialty segments, Oil & Gas, Nuclear and Communications, through which it delivers specialized service solutions.