Rexel announced that it intends to offer ?600 million of senior unsecured sustainability-linked notes due 2028. The Notes, callable at Rexel?s discretion as from December 2024, will rank pari passu with Rexel?s senior credit facility and other senior unsecured notes. Under this Framework, Rexel selected two indicators and committed to achieve: a 23% reduction in greenhouse gas emissions related to the consumption of products sold, per euro of turnover by December 31, 2023 from a 2016 baseline; and a 23.7% reduction in greenhouse gas emissions related to energy consumption in its operations by December 31, 2023 from a 2016 baseline. These objectives are in line with Rexel 2030 ambition to reduce the first KPI by 45% and the second KPI by 35% from a 2016 baseline. The interest rate of the Notes shall be increased by 25 basis points from June 15, 2024, if Rexel does not achieve these Sustainability Performance Targets. Rexel will use the proceeds of the issuance of the Notes, together with available cash, to redeem in full the 2.750% senior Euro notes due June 2026 issued by Rexel on March 12, 2019. Rexel expects to redeem the 2026 Notes on or about November 15, 2021. Rexel can elect not to redeem the 2026 Notes if it does not issue all the Notes or if there is a material adverse change in financial markets. This issuance will allow Rexel to enhance its financial structure by extending its debt maturity profile at favorable financing conditions.