Adcollection Group distributes 500 million euros worth of 8-year bonds and launches a repurchase offer for two previously issued bonds.

Adecco Group Successfully Issues 8-Year €500 Million Notes

The Adecco Group, a leading global HR solutions provider based in Zurich, Switzerland, has announced the successful placement of €500 million worth of 8-year notes with a maturity date of December 2, 2024, and a coupon of 1.00%.

The issuance of these new notes was managed by Natixis and SG CIB as Dealer Managers, with Barclays, BNP Paribas, Commerzbank, Crédit Agricole, DZ Bank, ING, and LBBW acting as the banks involved in the issuance. Barclays, BNP Paribas, and ING also acted as Global Coordinators.

The Adecco Group AG, registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN), is the guarantor for the new notes, while the issuer is the Adecco Group's International Financial Services B.V.

The proceeds from the new notes will be used to finance the tender offer launched by the Adecco Group on two existing notes: €500,000,000 4.75 per cent. Notes due 13 April 2018 and €400,000,000 2.75 per cent. Notes due 15 November 2019.

It is important to note that the new notes are not and will not be registered under the US Securities Act of 1933, as amended, and will not be registered with any authority competent with respect to securities in any state or other jurisdiction of the United States of America. As such, the new notes may not be offered or sold in the United States of America without either registration of the securities or an exemption from registration under the US Securities Act being applicable.

The completion of the tender offer is subject to the successful completion of the issue of the new notes (New Financing Condition). The results of the Tender Offer are expected to be announced on December 1, 2016.

For further information, interested parties can contact the Adecco Group Investor Relations at [email protected] or +41 (0) 44 878 89 89. For media inquiries, please contact the Adecco Group Press Office at [email protected] or +41 (0) 44 878 87 87.

The Adecco Group's financial agenda for the coming months includes the Q4 2016 results, Annual General Meeting, Q1 2017 results, Q2 2017 results, Q3 2017 results, and Q4 2017 results. The Adecco Group operates with around 5,100 branches in 60 countries and territories worldwide.