Call Options: Make-whole up to the Optional Redemption Date falling up to 6 months prior to the maturity date, then at par
Put Options: Change of Control @ 100%
Covenants: Only Capital Markets Negative Pledge
Governing Law: English Law
Denominations: €100k+1k
Use of Proceeds:fund a tender offer for its EUR250m 3.625% notes due 28-Jan-2027 (ISIN: XS2102392276); redeem its EUR73.88m 3.875% sr notes due 28-July-2026 (callable at 100) (ISIN: XS2437324333), 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
Joint Bookrunners: BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs International, HSBC(B&D), IMI-Intesa Sanpaolo, J.P. Morgan, Natixis, UniCredit
Target Market: Eligible counterparties and professional clients only (all distribution channels); No PRIIPs KID has been prepared as not available to retail in EEA or the UK
ISIN: XS3358232067
Biz: a global player in the construction industry specializing in complex infrastructure for sustainable mobility, hydroelectric energy, water and green buildings sectors. HQ: Rozzano (Milan), Italy.
Timing: Books open, today's business
Roadshow: Did a series of fixed income investor calls and virtual meetings 27-Apr-2026. Natixis coordinated logistics.