Fnac Darty S.A. announces offering of €500 million senior notes due 2029 and offer to purchase for cash its outstanding senior notes due 2024 and 2026

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THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES TO U.S. PERSONS OR IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, OR TO OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES.

Fnac Darty S.A. announces offering of €500 million senior notes due 2029 and offer to purchase for cash its outstanding senior notes due 2024 and 2026

Ivry-sur-Seine, France — March 18, 2024. Fnac Darty S.A. (the “Company”), has launched an offering (the “New Notes Offering”) of €500 million in aggregate principal amount of fixed rate senior notes due 2029 (the “New Notes”).

The New Notes will rank pari passu with the Company’s outstanding senior notes due 2024 (the “Existing 2024 Notes”) and its existing senior notes due 2026 (the “Existing 2026 Notes” together with the Existing 2024 Notes, the “Existing Notes”). The New Notes will also rank pari passu with the Company’s senior debt including its revolving credit facility, its loan with the European Investment Bank and its delayed-draw term loan.

The Company additionally announces today that it has commenced an offer to Eligible Holders (as defined in the Tender Offer Memorandum), of the Existing Notes to tender for cash their Existing Notes up to a Maximum Acceptance Amount (the “Tender Offer” and collectively with the New Notes Offering, the “Transactions”), subject to the conditions set out in the tender offer memorandum dated today’s date (the “Tender Offer Memorandum”). The Tender Offer Memorandum sets forth full details of the Tender Offer and Eligible Holders are urged to read the Tender Offer Memorandum in its entirety. Any terms not defined herein have the meaning ascribed to them in the Tender Offer Memorandum.