Schneider Electric, a French power management and automation company, plans to raise 800 million euros (US$930 million) through convertible bonds due in 2034. Convertible bonds are debt that can be exchanged for shares at a preset price.

The company plans to use 650 million euros (US$756 million) of the proceeds to repurchase notes due in November 2030.

The remainder will be used for general corporate purposes.

The refinancing follows a 20% rise in Schneider’s share price over the past two months.

Bloomberg Intelligence said data center-related business accounts for about 20% of Schneider’s revenue and is increasingly tied to high-density AI workloads.

🔗 Source: Bloomberg

Recent Schneider Electric developments