Rexel announces the success of its c. €500 million Capital Increase, without shareholders’ preferential subscription right, to partially fund the acquisition of GCG

Rexel successfully completed a €500 million capital increase through accelerated bookbuilding at €34.75 per share (1% discount to closing price) to partially finance its acquisition of GCG, a leading US specialty infrastructure platform. The equity raise, representing 4.6% dilution, is part of a financing structure combining cash, debt, and equity aimed at maintaining the company's credit rating and net debt/EBITDA ratio at approximately 2.0x.