Neopost Makes a New $90 Million US Private Placement

Regulatory News:

Neopost (Paris:NEO), the number two worldwide supplier of mail solutions and a major player in the fields of communication and shipping solutions, today announced that it has successfully carried out a new $90 million senior unsecured debt issue.

This fundraising took the form of a private placement in the United States with a single investor. With a maturity of between 6 and 8 years, this placement is at a variable rate of 3-month Libor +1.75%. The funds raised will be used for the early repayment of the $90 million Schuldschein private placement maturing in 2016.

Jean-François Labadie, Chief Financial Officer of Neopost, stated: "We are delighted to have added a new US investor to our debt holders. We continue to take advantage of the strength of the credit market to optimize our financing and to extend the maturity of our debt. The terms obtained once again highlight Neopost's strong credit rating.”

It should be recalled that the Group's net debt, which stood at €808 million at 31 January 2014, is dedicated to finance the equipment placed with its customers and is lower than the sum of the future cash flows from its leasing and rental businesses.

Neopost was advised by Crédit Agricole CIB with respect to this transaction, with the latter acting as agent.

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Interim 2014 results will be published on 30 September 2014 after market close.

ABOUT NEOPOST

NEOPOST is the number two world-wide supplier of Mail Solutions as well as an increasingly significant player in the fields of Communication and Shipping Solutions. As a provider of mailroom equipment, Neopost supplies the most technologically advanced solutions for franking, folding/inserting and addressing, providing a full range of services, including consultancy, maintenance and financing solutions. Neopost is also progressively building a portfolio of new activities to enhance its offering and support its clients’ needs in the fields of Customer Communications Management, Data Quality and Shipping Solutions.
With a direct presence in 31 countries and 6,200 employees, Neopost posted annual sales of €1.1 billion in 2013. Its products and services are sold in more than 90 countries.

Neopost is listed in the A compartment of Euronext Paris and belongs notably to the SBF 120 index.