Industrial services giant Altrad has successfully raised €1.25 billion through its first-ever public bond issuance, following its recent investment-grade rating from S&P Global Ratings.
The Montpellier-based company, known for its work across energy, infrastructure, and construction, attracted overwhelming interest from investors, with the order book exceeding €6 billion, more than five times oversubscribed.
Originally expected to raise €1 billion, Altrad upsized the offering in response to demand, issuing:
-
€550 million in a 4-year tranche at 3.704%
-
€700 million in a 7-year tranche at 4.429%
Both tranches were significantly oversubscribed.
Mohed Altrad, Founder and President of the Group, called it a “landmark achievement”, adding that the bond success reflected confidence in Altrad’s strategy, performance, and long-term vision.
The proceeds will be used to refinance an existing bridge facility and for general corporate purposes, with the transaction marking a shift towards a more diversified financing model.
The move reinforces Altrad’s position as a financially disciplined global operator in industrial services, including scaffolding and access solutions.
