• The allocation received a strong welcome, and was oversubscribed by more than 6x

Werfen has successfully completed its fourth bond issue in a total amount of €500Mn with a short 7-year (February 2032) maturity, and was oversubscribed by more than 6x, reflecting the trust of the investor community in the company. The notes are senior unsecured and will be admitted to trading on the regulated market of Euronext Dublin.

As with previous bond issues, Werfen has obtained an issuer and note rating of BBB- with a stable outlook from Standard & Poor's, and BBB- with a positive outlook from Fitch Ratings, positioning Werfen as a solid investment-grade company.

The bond issue was closed at a coupon of 3.625% (issue price: 99.671%) with the participation of more than 170 investors, after a day of marketing.

Delivering on our debt reduction commitment and leverage ratio, combined with the strong business performance over the years, has allowed Werfen to build up an order book with high-quality demand and granularity.

BNP Paribas and HSBC acted as Global Coordinators for the issue, with Banc Sabadell, Bank of America, BBVA, CaixaBank, Citi, Deutsche Bank, Intesa, J.P. Morgan, MUFG and UniCredit as Bookrunners.

With this bond issue, Werfen establishes the company as a recurring issuer in the capital markets and extends its debt maturities.