Commentary & Deal Flow

Reoffer: 5yr: MS+92bp / 99.468 / 3.869%
Benchmark: 5yr: OBL 2.5% 16-Apr-31 @ 98.50 / B+104.2bp / HR 99%

Final Books: In excess of €1.9bn.

Launched: 5yr: €500m @ MS+92bp - Books in excess of €1.75bn
IPTs: 5yr: MS+120/125bp

• Issuer: Amadeus IT Group, S.A. (Ticker: AMS, Country: ES)
• LEI: 9598004A3FTY3TEHHN09
• Issuer Ratings: Baa2 stable / BBB stable (Moody's/S&P)
• Exp. Issue Ratings: Baa2 / BBB (Moody's/S&P)
• Status: Senior, Unsecured
• Form of Instruments: Reg S / Bearer / TEFRA D / New Global Note
• Currency / Size: €500m
• Settlement: 20-May-26 (T+5)
• Maturity: 20-May-31 (5 years)
• Coupon: 3.75%, Fixed (annual, act/act)
• Denominations: €100k + €100k
• Re-Offer: MS+92bp / 3.869% / 99.468
• Benchmark: OBL 2.5% 16-Apr-31 @ 98.50 / B+104.2bp / HR 99%
• Documentation: Eurobond issued under the €5bn EMTN Base Prospectus dated 30-Apr-26 and supplemented on 12-May-26
• Selling Restrictions: EEA (including France, Italy, Spain, Switzerland), UK, Japan, Singapore and the United States. Regulation S (Category 2), TEFRA D
• Put/Call options: Change of Control / 3m Par Call / Make Whole Call (B+20bp) / Clean-up Call (75%)
• Use of Proceeds: General Corporate Purposes and refinancing of upcoming debt maturities
• Joint Global Coordinators: BBVA (B&D), HSBC, Société Générale, UniCredit
• Joint Bookrunners: BNP Paribas, CaixaBank, Citi, Crédit Agricole CIB, Goldman Sachs Bank Europe SE
• Advertisement: The Base Prospectus and the Supplements are available on the website of the Luxemburg Stock Exchange (https://www.luxse.com/issuer/AmadeusITGroup/72846). The relevant Final Terms when available, will be also published on the website of the Luxemburg Stock Exchange
• Target Market: MiFID II / UK MiFIR – Eligible Counterparties and Professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK
• Governing Law: English Law, except the provisions relating to the status of the notes which are governed by Spanish Law
• Clearing: Euroclear / Clearstream
• ISIN: XS3382738600
• Stabilization: Relevant stabilization regulations including FCA/ICMA apply
• TOE: 15:32 UKT / 16:32 CET
• FTT: 16:00 UKT / 17:00 CET