CAPELLI diversifies its funding sources and strengthen its own funds

Boasting a dynamic high-growth and high visibility in the medium term, the Group CAPELLI has decided to diversify its sources of financing with the issuance of hybrid securities to strengthen the equity of the Group.

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This issue 12.28 million euros of Super-Subordinated notes to Indeterminate (TSSDI), carried out by private placement, was placed with a strong success with several investment management firms, French and to qualified investors in europe.

One of the main interest of this bond issue hybrid is to provide greater flexibility to support the development of the Group while not being dilutive to shareholders.

Securities of indeterminate duration (TSSDI) allow CAPELLI to reserve the right to repay at par on or after may 18, 2023. They will give the right to an annual coupon at a fixed rate of 9.75% during the first 6 years. The subordination of these instruments explains their higher coupon than senior bonds issued in 2015. In IFRS, these securities are recognized in full in equity.

The operation was carried out jointly by the Banque Palatine and Octo Finances.

“In order to finance the strong acceleration of our growth with a clearly defined goal to aim quickly to 300 M€ of turnover, we were looking for a source of funding that strengthens our financial ratios and value creation for all shareholders. This issue of TSSDI conducted with success is perfectly adapted to our value profile of growth. ” commented Christophe CAPELLI, Chairman and ceo of the Group CAPELLI.

Next publication : annual Results 2016-2017 June 28, 2017 after market.

Next meeting : June 29, 2017 at 10: 00 am to SFAF, 135 boulevard Haussmann, 75008 Paris

About Groupe CAPELLI

Specialist of the development of living spaces since 1976, the family group CAPELLI construct and sells apartments, VillaDuplex®, homes and offices.

CAPELLI puts its expertise at the disposal of private and public customers around its different areas : promotion, design, dealer property, real estate investment management, social housing, council.

Capitalising on its know-how and the quality of its process, CAPELLI brings concrete answers to the expectations of communities and individuals.

CAPELLI designs and operations that take into account the organization of the municipalities and the needs of the citizens.

The Group is present in France, Switzerland and Luxembourg.

Listed on Euronext Paris Compartment C – Isin Code : FR 0010127530 – Bloomberg CAPLI FP – Reuters CAPLI. PA

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