Issuer Ratings: BBB- (stable) by Fitch / BB+ (stable) by S&P
Exp Issue Ratings: BBB- by Fitch / BB+ by S&P
Format: Senior Unsecured, Reg S (Cat 2), Bearer, Dematerialised Form, Sustainability-Linked Bond
Pricing Date: 21-Sep-26
Settlement Date: 28-Sep-26 (T+5)
Maturity Date: 28-Mar-32 (5.5Y)
Issue Size: €500m Expected
IPTs: 5.375% area
Coupon: Fixed, Annual, Act/Act (ICMA) (Short First Coupon)
ISIN Code: FR001401B6Q4
Use of Proceeds: Proceeds of the issue of the Bonds will be used by the Issuer for general corporate purposes and the partial refinancing of the existing debt of the Group, including the €400,000,000 Sustainability-linked Senior Unsecured Bonds Settled in Cash and/or Convertible into New Shares and/or Exchangeable for Existing Shares issued on 17-Jan-23 and due 17-Jan-28
Documentation: Standalone / French Law / Euronext Paris / MWC / CoC / Clean-Up Call 75% / 3m Par Call / €100k + €100k
Global Coordinators: BNP Paribas (B&D), Crédit Agricole CIB, Natixis, Société Générale
Active Bookrunners: Goldman Sachs Bank Europe SE, HSBC, La Banque Postale, Raiffeisen Bank International
ESG Structuring Advisor: Crédit Agricole CIB
Sustainability Performance Targets (SPTs): SPT1 for KPI 1: Reduce absolute Scope 1 & 2 GHG emissions in tCO2e -50% by 31-Dec-30 vs. 2019 SPT2 for KPI 2: Reduce Scope 3 Intensity per Value Added by -55% by 31-Dec-30 vs. 2019
Sustainability-Linked Premium Payment: 0.30% max of the outstanding principal amount of the Bond at the maturity date: - 0.15% if one of the SPT is not achieved - 0.30% if both of the SPTs are not achieved
Target Market: Manufacturer target market is eligible counterparties and professional investors (all distribution channels). No EEA PRIIPs key information document (KID), no disclosure document under the DISC or CCI product summary has been prepared as not available to retail in EEA or the UK.