"This press release is not an offer of securities in France, in the United States or any other jurisdiction. The bonds may not be offered or sold in the United States or to, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended) unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended. Nexans does not intend to register any portion of the proposed offering in the United States or to conduct an offering of securities in the United States."
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NEXANS ANNOUNCES A BOND ISSUE. EARLIER RELEASE OF 2007 FIRST QUARTER SALES.
Paris, April 17, 2007 – Nexans, the worldwide leader in the cable industry, announces today its intention to issue a Euro denominated bond.
The objective of this issue is to lengthen the average maturity of the group’s existing debt. The transaction will take place in the coming weeks after presentations to potential investors and provided that market conditions are favourable.
In view of the foregoing, the press release concerning the 2007 first quarter sales originally scheduled to be published on April 26th, will be issued today after the closing of Euronext Paris.
With energy as the basis of its development, Nexans, the worldwide leader in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry and building markets. Nexans addresses a series of market segments from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear, automotive, electronics, aeronautics, handling and automation.
With an industrial presence in more than 30 countries and commercial activities worldwide, Nexans employs 21,000 people and had sales in 2006 of 7.5 billion euros. Nexans is listed on the Paris stock exchange, compartment A of the Eurolist of Euronext. More information on www.nexans.com
