Cleary Gottlieb Advises Capgemini SE on €4 Billion Multi‑Tranche Bond Offering

Cleary Gottlieb advised Capgemini SE on its €4 billion multi‑tranche bond issuance. The transaction consisted of a bond offering in four tranches: (i) €1.00 billion due in 2 years with a floating coupon of Euribor 3 months plus 0.30% (the 2027 bonds); (ii) €0.50 billion due in 3 years with a 2.50% coupon (issue price 99.806%) (the 2028 bonds); (iii) €1.25 billion due in 6 years with a 3.125% coupon (issue price 99.409%) (the 2031 bonds); and (iv) €1.25 billion due in 9 years with a 3.50% coupon (issue price 99.077%) (the 2034 bonds). The offering was announced on 18 September 2025 and closed on 25 September 2025. Capgemini SE will use the proceeds to finance the acquisition of WNS, to refinance its financial indebtedness and for the Group's general corporate purposes. Following this issuance, the bridge credit facility entered into on 6 July 2025 in relation to the acquisition will be cancelled. Capgemini is a partner in clients' business and technology transformation, supporting their transition to a more digital and sustainable world while creating a positive societal impact. The responsible, multicultural Group brings together 350,000 employees across more than 50 countries. For over 55 years clients have relied on Capgemini to meet their technology needs. The Group offers end‑to‑end services and solutions from strategy and design to engineering, leveraging capabilities in artificial intelligence and generative AI, cloud and data, together with sector expertise and a partner ecosystem. Capgemini reported revenue of €22.1 billion in 2024. Cleary Gottlieb advised Capgemini SE with a team composed by: Valérie Lemaitre (partner, capital markets), Laura Birène (counsel, capital markets), Megi Jashari (associate, capital markets), Anne‑Sophie Coustel (partner, tax) and Mathieu Gorain (associate, tax).

Cleary Gottlieb Advises Capgemini SE on €4 Billion Multi‑Tranche Bond Offering

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