WENDEL: Successful issue of €300 million 12-year bond issue bearing interest at 1.375%

PRESS RELEASE - JANUARY 13, 2022

Successful issue of €300 million
12-year bond issue bearing interest at 1.375%

Wendel has successfully placed today a €300 million bond issue maturing in January 2034 and bearing interest at 1.375%. This is the lowest coupon Wendel has ever obtained on a twelve-year maturity.

The issue was very well received by investors and was more than 2.5 times oversubscribed. Bonds were primarily placed with French (49%), German (30%) as well as British (16%) investors.

Proceeds of this issue will be used for general corporate purposes. This transaction will enable Wendel to extend its average weighted debt maturities to 6.1 years.

Features of the bond issue:

Total amount of the issue	€300 million
Maturity	January 18, 2034
Issue price / Reoffer price	99.441%
Yield to maturity	1.426%
Coupon	1.375%
Listing	Euronext Paris

Crédit Industriel et Commercial, Crédit Agricole CIB, Goldman Sachs Bank Europe SE, HSBC and Natixis are acting as active bookrunners for the Bond Issue and BNP Paribas, Mediobanca and Societe Generale are acting as passive bookrunners.

Disclaimer

This press release does not constitute an offer, or an invitation to apply for, or an offer or invitation to purchase or subscribe for any securities either in the United States or in any other jurisdiction which may be subject to restrictions. These securities may not be offered or sold in the United States of America unless they are registered or exempt from registration under the US Securities Act of 1933, as amended.

This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”). A prospectus will be prepared and made available to the public, in compliance with the Prospectus Regulation, for the purpose of admitting the 2034 bonds to trading on the regulated market of Euronext Paris.

This press release does not constitute an offer of securities in France or in any other country. The 2034 bonds are the subject of a private placement in France to qualified investors as defined in Article 2(e) of the Prospectus Regulation and in accordance with Article L.411-2 of the Monetary and Financial Code, and outside France. As of the date of this press release, no prospectus related to the placement of the 2034 bonds has been approved by a competent authority of any European Economic Area Member State.

Wendel will undertake no action as part of this placement with a view to making an offer to the public (other than to qualified investors) in France or abroad.

In the United Kingdom, this press release may be sent to qualified investors as defined in Article 2(e) of the Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 only under circumstances wherein section 21(1) of the Financial Services and Markets Act 2000 does not apply.
The dissemination of this press release in any country where such dissemination could constitute a violation of applicable legislation is prohibited.

Attachment

• 2022_01_13_PR_Wendel_EN_Success issue