Commentary & Deal Flow

***Corrected IPT PXD

Reoffer: E+325 / 100

Launched: €890m @ E+325 at par (EUR465m upsize to refinance EUR450m 7.125% sr sec notes due 08-APR-2030 notes)

Price Talk: E+325-350, 0%, par
IPTs: High 3s, par

• Issuer: Neopharmed Gentili S.p.A.
• Ticker: NEGENT
• Corporate Ratings: B3/B/B (Moody's/S&P/Fitch)
• Issue Ratings: B3/B/B (Moody's/S&P/Fitch)
• Instrument: Senior Secured Floating Rate Notes
• Size: €890m (up from EUR425m)
• Trade Date: 18-Jun-26
• Settlement: 29-Jun-26 (T+7)
• Maturity: 29-Jun-33
• Margin: E+325bps
• Floor: 0%
• Issue Price: 100
• Make-Whole: BUNDS + 50bps
• Optional Redemption: Commencing 29-Jun-27 – 100%
• Change of Control: 101
• Interest Payment Dates: Quarterly on 15-Jan, 15-Apr, 15-Jul, 15-Oct
• First Interest Payment Date: 15-Oct-26
• Day Count: ACT / 365
• Format: 144A/Reg S
• Denominations: €100k x €1k
• Listing: Luxembourg Stock Exchange
• Governing Law: New York
• ISIN:
• • Reg S: XS3416905365
  • 144A: XS3416905878
• Sole Global Coordinator and Physical Bookrunner: BNP Paribas (B&D)
• Joint Bookrunners: Banca Akros, CACIB, GS, IMI, JPM, Natixis
• UOP: refinance its EUR400m sr sec FRNs due 08-Apr-30 (callable at 100), and fund a EUR23m distribution to its parent to repay a portion of the EUR157m PIK Notes (EUR465m upsize to refinance EUR450m 7.125% sr sec notes due 08-APR-2030 notes)
• Equity Sponsors: Renaissance Partners (42.1%)/Ardian (42.1%)/Del Bono family (14.4%)
• Timing:
• • TOE: 11:47 UKT, 18-Jun-26
  • FTT: 16:15 UKT, 18-Jun-26
• Advertisement: This communication is an advertisement and does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 and underlying legislation. The Offering Memorandum, when published, will be available on the website of the Luxembourg Stock Exchange at: https://www.luxse.com
• Target Market: No EU PRIIPs key information document (KID) and no UK disclosure document required by DISC have been prepared as the notes are not available to retail in EEA or UK
• Marketing:
• Investor Call: GIC 8:30 UKT / 9:30 CET, 16-June-2026
• Q&A Sessions: 16/17-June-2026

https://dealroadshow.com/e/NEO2026 (Access Code: NEO2026)

https://evercall.co/oacc/46099 (GIC Registration)