Commentary & Deal Flow

INEOS Finance Plc, a leading chemicals company focused on the production of olefins, polymers and chemical intermediates, (ticker: "INEGRP", country: UK) rated B2/B+/BB- (Moody's/S&P/Fitch), has mandated Citi, Goldman Sachs Bank Europe SE, J.P. Morgan, and MUFG to arrange a series of fixed income investor calls today, Tuesday, 5th May.

• Issuer: INEOS Finance Plc
• Business: Leading chemicals company focused on the production of olefins, polymers and chemical intermediates. It is a sub of INEOS Holdings Limited, part of the INEOS Group. HQ: London, UK.
• Issue: Senior Secured Notes
• Size: €400,000,000
• Tenor: 5.5 years
• Call Protection: NC2 / 50% / 25% / Par
• Use Of Proceeds: (i) repay all of the outstanding 2027 Senior Secured Term Loans and (ii) repay a portion of the 2028 Dollar Senior Secured Term Loans
• Existing Corporate Ratings: B2/B+/BB- (Moody's/S&P/Fitch)
• Expected Issue Ratings: B2/B+/BB+ (Moody's/S&P/Fitch)
• Bond Listing: Application will be made to the Official List of the Luxembourg Stock Exchange Euro MTF Market
• Distribution: Reg S / 144A
• Governing Law: New York
• Denominations: €100K x €1K
• ISINs: Reg S: XS3366268541 / 144A: XS3366268970
• Joint Global Coordinators and Joint Physical Bookrunners: Citi (B&D), Goldman Sachs Bank Europe SE
• Joint Global Coordinators and Joint Bookrunners: J.P. Morgan, MUFG
• Marketing:
• • Global Investor Call: 10:30am UKT today, Tuesday 05-May
  • Small Group Meetings: today, Tuesday 05-May
• GIC / NetRoadShow Registration: https://www.netroadshow.com/events/login/1PeTHmojK6FqvKSVtKoEwOzVGM06LXHr1Kg8B
• Target Market: Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPS / UK PRIIPS Key Information Document (KID) or CCI product summary has been prepared as not available to retail in EEA or the UK