Commentary & Deal Flow

• Price Progression:
• • Priced: 4.125% at 100. +147bp vs 0% DBR 15-February-2032
  • Final terms: EUR1bn (up from EUR750m) at 4.125%
  • Price talk: 4.25% area
  • IPT: 4.5% area (+/-12.5bp)
• Spread to Benchmark: +147bp
• Benchmark: 0% DBR 15-February-2032
• Issuer: Verisure Holding AB (publ)
• Ticker: VERISR
• Size: EUR1bn (up from EUR750m)
• Format: 144A/Reg S; No Reg Rights
• Security: 4.125% Senior Secured Notes due 02-January-2032 (5.5y)
• Issue Ratings: Ba1 / BB+ / BBB- (stable/stable/stable)
• Maturity: 02-January-2032 (5.5y)
• Optional Redemption: NC2 (01-July-2028) (MWC B+50bp)
• • 01-July-2028: 102.0625
  • 01-July-2029: 101.03125
  • 01-July-2030: 100.000
• Equity claw: 2y 40% at 104.125
• Special call: 10% per year for the first 2 years at 103
• Change of Control: CoC at 101
• Payment Dates: 15-January and 15-July (first payment 15-January-2027)
• Denominations: 100kx1k
• Reg S ISIN: XS3332956369
• Reg S Common Code: 333295636
• 144A ISIN: XS3332956443
• 144A Common Code: 333295644
• Listing: Luxembourg Stock Exchange
• Law: New York Law
• Joint Global Coordinators and Physical Bookrunners: BofA Securities (B&D), Goldman Sachs Bank Europe SE
• Joint Global Coordinators and Bookrunners: DNB Carnegie, Nordea, SEB
• Joint Bookrunners: Barclays, BNP Paribas, CaixaBank, Crédit Agricole CIB, Danske Bank, J.P. Morgan, LBBW, Mediobanca, Morgan Stanley, MUFG, Santander, UniCredit
• Marketing Logistics Coordinator: BofA
• Settles: 03-July-2026 (T+8)
• Trade Date: 23-June-2026
• UOP: Proceeds used to fully repay the existing EUR1bn 5.25% sr notes due 15-February-2029 (callable at 100), and pay fees and expenses in connection with the transaction (EUR250m upsize to fully repay the 5.25% sr notes due 15-February-2029)
• Equity sponsor: Hellman & Friedman
• Biz: The global leader by customers served in professionally monitored security services, with a market-leading presence across Europe and Latin America
• HQ: Versoix, Switzerland
• Marketing:
• • Global Investor Call: 22-June-2026 at 11:00 UKT; series of fixed-income investor calls held afternoon of 22-June-2026
  • Books closed: 13:45 UKT / 14:45 CET, 23-June-2026

NetRoadshow: www.netroadshow.com/nrs/home/#!/?show=98bfb734 — entry code: security56
GIC Replay: https://www.netroadshow.com/events/login/1PeTHmojHAoMCaTivZL218lTpHsQZCBJIFPaL