Altrad raises €1.25bn in ‘landmark’ bond offer

Global scaffolding and industrial services group Altrad has raised €1.25 billion via its first public bond offering.

The offer was initially set for €1 billion, but was oversubscribed six times over, prompting Altrad to increase the bond offering to €1.25 million.

The funds will be used to refinance an existing debt facility and for general corporate purposes. The Monpellier-based company said the transaction would “advance its mission to deliver essential industrial services across energy, infrastructure, and construction sectors worldwide.”

Mohed Altrad, founder and president of Altrad Group, said; “This is a landmark achievement for Altrad. The success of our inaugural bonds reflects the strength of our business model, the trust we’ve built with stakeholders, and the market’s recognition of our long-term vision.

“This strategic transaction allows Altrad to optimize its capital structure, facilitating a transition towards a more balanced financing mix between traditional bank financing and capital market instruments.

“We are proud to have reached this milestone and are grateful for the strong support from the global investor community.”

Altrad reported revenues of €5.45 billion in 2024, with net profits of €194 million. It operates in more than 50 countries and has a workforce of 65,000. Acquisitions have played a significant part in the company’s growth.

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