Teleperformance raises $519Mn through bonds
PARIS, FRANCE — Global tech giant Teleperformance has recently completed a five-year bond issuance, securing €500 million ($519.1 million).
Set to mature in 2030, the bonds come with a 4.25% annual coupon rate. This move aims to strengthen the company’s financial base and extend the maturity of its existing debt.
The issuance was met with interest, being nearly 6 times oversubscribed. This reflects a strong market confidence in Teleperformance, backed by its robust investor base.
Confirmed credit ratings
Adding to the company’s financial credibility, Standard & Poor’s reaffirmed Teleperformance’s investment-grade rating at BBB with a stable outlook, the highest in the customer experience management sector.
Global influence and financial health
Founded in Paris and listed under TEP on the Euronext Paris, Teleperformance operates across nearly 100 countries. It offers a broad range of services including customer care, digital transformation, and specialized services like visa processing and recruitment outsourcing.
The company recently acquired ZP Better Together, a Texas-based provider of communication solutions for the deaf and hard-of-hearing community, in a deal valued at $490 million. It ranked #2 in the 2024 OA500, an objective index of the world’s top 500 outsourcing companies. This is the second year the company clinched the index’s top 2 spot.
In 2023, Teleperformance reported revenues of approximately €8.345 billion (US$9 billion).
With this successful bond issuance, Teleperformance is poised to meet its general financing needs while continuing to innovate and lead in the digital business services sector.
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