Kiloutou, Europe’s 4th largest rental company, announces that it has completed the private placement of its first bond issue maturing in November 2022 for an amount of €30 million.
This first bond issue contributes to financing the recent acquisition of Starlift in Germany and optimises Kiloutou’s debt structure. It allows Kiloutou to diversify and extend its financing sources while benefiting from particularly attractive market conditions.
Alain Loeb, the group’s Chief Financial Officer, who initiated the transaction, said that this investment complements the funds obtained with the group’s historical banking partners, which amounted to €400 million, in order to finance the ambitious investment and acquisition plan. This transaction broadens the Kiloutou Group’s investor base as it continues to develop its activities in France and internationally.
“I am very pleased with this transaction, which attests to Kiloutou’s attractiveness to leading institutional investors.”
Alain Loeb, Chief Financial Officer of the Kiloutou Group
This investment was advised by Oddo et Cie.