Press release

The process has confirmed Streem’s attractiveness with bids for more than €1.5 billion (i.e., 2.5x the initial offering size), coming from a large panel of North American and European institutional investors. The oversubscription allowed Streem to implement innovative instruments (floating rate notes) and to optimize the overall conditions.
€700 million of the debt was issued as Green Notes, underlying the recognized role of Streem in the world’s logistics chains decarbonization.
BNP Paribas and Société Générale acted as Joint Placement Agents for Streem.
Watson Farley & Williams acted as legal counsel for the issuer and Latham & Watkins LLP as legal counsel for investors.
David Zindo, Streem’s CEO, said “Streem is proud to announce the successful completion of this €750 million private placement which underscores the confidence investors have in our vision and growth potential. The capital will further fuel our expansion and enable us to deliver even more for our partners.”