Commentary & Deal Flow

HIME SAS (Saur) (SAUR), rated BB+ (stable) by S&P / BB+ (stable) by Fitch, a leading sustainable water pure player, has mandated BNP Paribas, Crédit Agricole CIB, Morgan Stanley and Natixis as Global Coordinators and Joint Bookrunners to arrange a series of investor calls on Monday October 14th and Tuesday October 15th. A €500m expected 5yr Fixed Rate, Senior Unsecured Reg S, Inaugural Blue Bond offering may follow, subject to market conditions.

FCA/ICMA stabilisation applies. Manufacturer target market (EU MIFID II and UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK.

Inaugural Blue Bond characteristics: Equivalent of 100% of the net proceeds allocated to expenditures related to the water life cycle; Fully aligned with ICMA Green Bond Principles; Fully aligned with IFC Blue Finance Guidelines.

Crédit Agricole CIB and Natixis are acting as Joint ESG Coordinators.

An amount equivalent to the net proceeds of the contemplated Blue bond issue will be used to finance and/or refinance, in whole or in part, new or existing Eligible Blue Projects as further described in the Saur’s Green & Blue Financing Framework (available on the following website: https://www.saur.com/investors).

The net proceeds from the issuance of the Notes will be applied, in whole or in part, by the Issuer to refinance existing indebtedness including, without limitation, to fund the consideration to be paid in connection with the repayment of the Existing 2025 Notes validly tendered pursuant to the Tender Offer and for General Corporate Purposes.

NetRoadshow presentation including a voiceover has been made available at: URL: www.netroadshow.com; Entry Code : water74; Direct Link: www.netroadshow.com/nrs/home/#!/?show=32982b46

Natixis will be coordinating Roadshow logistics.

In addition, Saur has also announced today an any and all Tender offer on its EUR450,000,000 0.125% Sustainability Linked Senior Notes due September 2025 (ISIN XS2385389551), subject to conditions set out in a Tender Offer Memorandum dated 14th October 2024. The Tender offer will expire on 22nd October 2024.

BNP Paribas, Crédit Agricole CIB, Morgan Stanley and Natixis are acting as Dealer Managers on the Tender offer.

HQ: ssy-les-Moulineaux, France.