Quadient Secures USD100 Million Through MetLife Private Placement

Quadient S.A., a global automation platform, has signed a USD100 million US Private Placement (USPP) with MetLife Investment Management. This move reinforces Quadient's financial standing with a 7-year average maturity on its senior notes. An additional shelf facility permits issuing notes up to USD50 million in aggregate.

In 2024, Quadient raised €330 million through various financial means, including term loans and a Schuldschein, aiding the repayment of its maturing credit lines, notably a €260 million bond. The new USPP boosts the average debt maturity to around four years, aligning with key financial covenants.

Laurent du Passage, Quadient's CFO, emphasizes the importance of this facility in optimizing financing and meeting obligations. MetLife's Stephen Valvona supports this strategic financing step for Quadient, enhancing its funding diversity and providing future borrowing capacity.