Rubis announced today that its subsidiary Rubis Énergie has signed its first-ever US Private Placement (USPP) financing under French law with PGIM Private Capital (PPC), the private equity arm of PGIM Inc. an asset management company of Prudential Financial Inc. for $265 million.

Rubis Energie will issue three series of €70 million each senior unsecured bonds with bullet maturities of 8, 10 and 12 years.

Rubis Energie retains nearly $40 million available under the agreement for future issuance over the next two years.

This new USPP financing enables Rubis to diversify its sources of financing while extending the current average maturity of its debt from 3 to 5 years, and paves the way for other potential USPP transactions," says the group.

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