Tikehau Capital Successfully Priced Its First Sustainable US Private Placement for $180m with an Average Maturity above 10 Years

Tikehau Capital (Paris:TKO), the global alternative asset manager, today announces that it has successfully priced an inaugural US Private Placement (USPP) for a total amount of $180m. The use of proceeds will follow the same sustainable framework applying to the sustainable bond issued in March 2021.

• The private placement is structured in 2 tranches with maturities of 10 and 12 years, the longest ever achieved by the Group.
• This transaction highlights US investors’ confidence in the Group’s credit quality and growth strategy over the long term and allows Tikehau Capital to diversify its sources of financing while emphasizing its commitment to sustainability.
• This is a new milestone for Tikehau Capital’s expansion in North America, following the recent local successes recorded across its CLO, infrastructure and private debt secondaries strategies.
• Upon completion of the transaction, 63% of the Group’s indebtedness will be subject to sustainability criteria and the average drawn debt maturity will stand at 5.5 years.
• Pricing was completed on 11 February 2022 and closing is contemplated on 31 March 2022 subject to customary conditions.
• Tikehau Capital’s long-term issuer credit rating has been confirmed by Fitch Ratings on 17 January 2022 at BBB- with a stable outlook.