Neopost Continues Its Refinancing Operations with a New Bond Issue

  Neopost Continues Its Refinancing Operations with a New Bond Issue

  *Funds raised through this new bond issue: €150 million
  *Total funding completed since June 2012: $270m and €367m

Business Wire

PARIS -- December 04, 2012

Regulatory News:

Neopost (Paris:NEO), the European leader and the world’s number two supplier
of mailing solutions, today announced that it has raised €150 million through
a bond issue placed with qualified investors.

The bonds have a 7-year maturity and pay a fixed annual coupon of 3.50%. The
prospectus was registered by the Autorité des Marchés Financiers (AMF) on 4
December 2012 (visa no. 12-588) and is available on the websites of Neopost
FINAL.pdf) and the AMF. The bonds will be issued on 6 December 2012 and will
be listed for trading on the regulated market of NYSE Euronext Paris from that

Neopost is pursuing the refinancing of its private placement with Crédit
Agricole due to mature on 7 December 2012 (€133 million), along with its
syndicated revolving multi-currency credit facility maturing in June 2013
(€675 million, of which €380 million was drawn on 31 January 2012).

Since June 2012, the Group has already raised:

  *$175 million from various insurance companies via a US private placement
    with maturities of between 4 and 10 years;
  *€150 million from several French insurance companies including AXA, with a
    5-year term;
  *$95 million and €67 million through Schuldschein German-law private
    placements. These Schuldscheine have a 4-year term and were placed with
    European and Asian investors.

The bond issue announced today takes the total financing raised since June
2012 to $270 million and €367 million.

Jean-François Labadie, Neopost's Chief Financial Officer, made the following
comments: "The terms of this new transaction confirm that bond investors are
confident about Neopost's credit quality. We are further extending the average
maturity of our debt, while diversifying our sources of funding. Our
refinancing campaign is now very well advanced."

The Group's net debt, which totalled €765 million at 31 July 2012, is
allocated to financing the equipment used by its customers, and is more than
covered by future cash flows from the leasing and rental businesses.


Fourth-quarter sales figures will be published on 4 March 2013 after the
market close.


NEOPOST IS THE EUROPEAN LEADER and the number two world-wide supplier of
mailing solutions. It has a direct presence in 29 countries, with 5,900
employees and annual sales of €1,003 million in 2011. Its products and
services are sold in more than 90 countries. The Group is a key player in the
markets for mailroom equipment and logistics solutions.

Neopost supplies the most technologically advanced solutions for franking,
folding/inserting and addressing as well as logistics management and
traceability. Neopost also offers a full range of services, including
consultancy, maintenance and financing solutions.

Neopost is listed in the A compartment of Euronext Paris and belongs notably
to the SBF 120 index.


Not for release in the USA

This communication does not constitute an offer to sell or the solicitation of
an offer to buy securities, nor shall there by any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such


Gaële Le Men, Investor Relations Officer
Tel.: +33(0) 1 45 36 31 39
Fabrice Baron, DDB Financial
Tel.: +33(0) 1 53 32 61 27
visit our web site:
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