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Rexel grabs $400 million in cash

After announcing a private-investor-only sale of $300 million of new debt, Rexel said last week that it had placed $400 million of 6.125% senior notes due in 2019.

According to a company news release, “This new offering will allow Rexel to further enhance its financial flexibility and extend its debt maturity profile at affordable cost.”

Separately, Fortune magazine included Rexel among its “World’s Most Admired Companies” list for 2012.

Also, a “document de reference”—apparently required by French authorities—was filed on calendar year 2011, Rexel said. The document is available online.

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