S&P assigns BBB- to Arkema notes

S&P said it assigned a BBB- long-term issue rating to Arkema SA’s planned undated deeply subordinated non-call five-year fixed-rate reset notes. The final terms, including the €400 million expected amount, are subject to market conditions.

Arkema will use the proceeds for general corporate purposes including refinancing its €400 million hybrid instrument, also rated BBB-, which has a first call date in June 2024, leaving the group's total amount of hybrid capital unchanged.

The outlook is positive.

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