First Pay: 2026-02-15; Redemption: 2027-01-31; Registration: 144A/Reg S; Comments: B&D: JPM. CoC: 101%; First Pay: 2026-05-16; Redemption: 2027-01-31; Registration: 144A/Reg S; Comments: B&D: JPM. CoC: 101%;

Originally one tranche of EUR600m 7NC1 sr sec FRN.

To redeem its EUR400m sr sec FRN (E+425bp) due 02/01/29 (callable at 100), and now to fully (rather than partially) redeem its EUR650m sr sec FRN (E+425pb) due 02/15/31 (callable at 100 on 02/05/26); and refinance the existing Summer BidCo EUR343.064m 10% PIYC sr notes due 02/15/29 (callable at 100 on 02/05/26)