Commentary & Deal Flow

IPTs: 6yr: MS+140bp area

• Issuer: Huhtamäki Oyj (Ticker: HUHTAM, Country: FI)
• Issuer LEI: 5493007050SJVMXN6L29
• Issuer ratings: BBB- (stable) by S&P
• Expected Rating of the Notes: BBB- by S&P
• Format: Senior, Unsecured, RegS Bearer, NGN
• Settlement: 19-May-26 (T+8)
• Tenor: 6-year
• Maturity: 19-May-32
• Size: €300m expected
• IPTs: ms+140bps area
• Coupon: Fxd, Ann, act/act
• Docs / Denoms: Issued off the Issuer’s EMTN programme dated 21-Aug-25, as supplemented on 30-Apr-26 / Irish Stock Exchange plc trading as Euronext Dublin / English Law / €100k+1k
• Change of Control Put Option: Yes, at Par
• Call Options: Make-Whole Call, Maturity Par Call (3 month), Clean-up Call (75%), Tax Call (at 100%)
• ISIN: XS3375218198
• UoP: General corporate purposes, including financing of the Tender Offer of the outstanding 4.250% Notes of the Issuer due 09-Jun-27 (ISIN: FI4000523550) announced on 05-May-26
• Selling restrictions: As per Base Prospectus (RegS, Cat 2, TEFRA D)
• Business Days: T2
• Business Day Convention: Following, unadjusted
• Joint bookrunners: Citi, Danske, Nordea (B&D) and Standard Chartered Bank AG
• Stabilisation: Relevant stabilization regulation including FCA/ICMA will apply
• Target market: Target market (EU MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients (all distribution channels). No PRIIPs key information document (KID) or UK PRIIPs KID have been prepared as not available to retail in EEA or the United Kingdom, respectively. This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129
• Timing: Books open, today’s business
• Marketing: URL: https://dealroadshow.com Direct Link: https://dealroadshow.com/e/huhtamaki26 Entry Code: huhtamaki26
• Advertisement: This announcement is an advertisement. The Base Prospectus is, and the Final Terms, when published, will be, available at https://live.euronext.com/