Commentary & Deal Flow

Webuild SpA (IPGIM), a global player in the construction industry specializing in complex infrastructure for sustainable mobility, hydroelectric energy, water and green buildings sectors, (ticker: "IPGIM", country: IT) rated BB+/BB+ (S&P/Fitch), has mandated BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs International, HSBC, IMI - Intesa Sanpaolo, J.P. Morgan, Natixis and UniCredit to arrange a series of fixed income investor calls to be scheduled on 27-Apr. An electronic investor presentation will be made available. Natixis will be coordinating logistics. HQ: Rozzano (Milan), Italy.

An expected €400m exp, Reg S, senior unsecured 6yr NCL (MWC, 6mo par call) € offering will follow, subject to market conditions. List Dublin. English law.

Company Representatives:

• Mr. Massimo Ferrari: General Manager
• Mr. Alessandro Mirabelli: Senior Executive Vice President Budgeting & Planning
• Mrs. Amarilda Karaj: Director Investor Relations
• Mr. Luca Alberti: Investor Relations Specialist

Call Schedule:

DealRoadshow Information:

• URL: https://dealroadshow.com
• Entry Code: WEBUILD26
• Direct Link: https://dealroadshow.com/e/WEBUILD26
• New issue proceeds:  UOP: fund a tender offer for its EUR250m 3.625% notes due 28-Jan-2027; redeem its EUR73.88m 3.875% sr notes due 28-July-2026 (callable at 100), repay a portion of its EUR618m bank debt, GCP.
• Tender Offer: for its EUR250m outstanding 3.625% notes due 27-Jan-27 (ISIN: XS2102392276) purchase spread interpolated rate (6mo EURIBOr and 1 year mid swaps) + 50bp; expires 5pm CEST 05-May; dealer managers: BNP/BofA/GS/HSBC/IMI/JPM/Natixis/UniCredit)
• Relevant stabilization regulations: including FCA / ICMA apply.
• Manufacturer target market (MiFID II/UK MiFIR product governance): eligible counterparties and professional clients only (all distribution channels).
• PRIIPs key information document (KID): No PRIIPs key information document (KID) has been prepared as not available to retail in EEA / UK.