Rueil-Malmaison (France), June 30, 2011 - Schneider Electric refinanced today part of its debt and just closed a USD300 million private placement (approx. €210 million). This transaction made under the Schneider Electric EMTN program has a floating coupon (3-month LIBOR + 0.49%) and matures in July 2014.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centers/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 110,000 plus employees achieved sales of 20 billion euros in 2010, through an active commitment to help individuals and organizations “Make the most of their energy”.