Commentary & Deal Flow

Reoffer: 5yr: 4.25% / 100
Benchmark: 5yr: DBR 0 Aug-31 @ 3.089% / B+116bp

Tranche 1 (5yr): Final Books >€1.25bn at final terms (pre-rec). Peak book in excess of €1.8bn (pre-rec)

Launched: 5yr: €500m @ 4.25% - Books >€1.25bn at final terms (pre-rec)
Guidance: 5yr: 4.375%a (+/-0.125%) - Books in excess of €1.8bn (pre-rec)
IPTs: 5yr: 4.625-4.750%

• Issuer: Nexans
• Ticker: NEXFP
• Country: FR
• LEI: 96950015FU78G84UIV14
• Issuer Rating: BB+ (stable) by S&P
• Exp. Issue Rating: BB+ by S&P
• Status / Form of the Notes: Senior, Unsecured, Unsubordinated / Reg S (Cat2) Bearer dematerialized
• Pricing Date: 02-Sep-26
• Settlement Date: 09-Sep-26 (T+5)
• Maturity Date: 09-Sep-31 (5-year)
• Size: €500m
• Reoffer: 4.25% / 100 / MS+98.3bp
• Coupon: 4.25% Fixed, Annual, Act/Act ICMA
• Reference Spread: DBR 0% Aug-31 +116bps (3.089%)
• ISIN: FR001401APK4
• Docs: Standalone / Euronext Paris / French law / 3m Par Call / MWC (B+ 20bp) / Squeeze-out Call Option (75%) / CoC (put) / €100,000 + €100,000
• UoP: The estimated net proceeds of the issue of the Notes will be used by the Issuer for the refinancing of the €500,000,000 bridge term loan the Issuer entered into with BNP Paribas and Société Générale on 27-Apr-26.
• Global Coordinators and Active Bookrunners: BNP Paribas (B&D), Société Générale
• Active Bookrunner: Natixis
• Co-Lead Managers: Commerzbank, Santander
• TOE: 15:48 UKT / 16:48 CET
• FTT: 16:00 UKT / 17:00 CET
• Target Market: Relevant stabilisation regulations including FCA/ICMA will apply. Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook has been prepared. The Notes are not available to retail in the EEA or in the UK.
• Advertisement: The final Prospectus, when published, will be available on the Autorité des marchés financiers website: https://www.amf-france.org and on the website of the Issuer (www.nexans.com)