Clariane has successfully completed a bond issue of 400 million euros

Press release

June 24, 2025

        

Clariane has successfully completed a bond issue in the amount of 400 million euros

Paris, June 24, 2025 – Clariane (CLARI.PA – ISIN FR0010386334), announces today that it has successfully completed the issuance of an unsecured bond for a total amount of 400 million euros, maturing in 5 years (27 June 2030), contributing to extension of the average maturity of its debt, with an annual coupon of 7.875%.

This bond issue has attracted significant interest from a large number of Tier 1 institutional investors, both French and international. The order book reached an amount in excess of 1.2 billion euros, representing an oversubscription rate of more than 3 times.

With the announcement of the disposal of its Petits-fils home care business on June 12^th, Clariane finalized, six months ahead of schedule, its plan to strengthen its financial structure launched on November 14, 2023, for a total amount of €1.5 billion, in order, notably, to restore the Group’s normalized access to financing. This has been achieved with this market issuance, which allows Clariane to extend its maturities and demonstrates the support of investors and its financial partners in its strategy of reducing debt and strengthening its balance sheet.

The net proceeds from this bond issue will be used to refinance its existing debt (including the redemption of its OCEANE).

An application will be made for these bonds to be admitted to trading on the Global Exchange Market of Euronext Dublin. Settlement and admission to trading are expected to take place on 27 June 2025.

This issuance was led by Morgan Stanley as Joint Global Coordinator and Sole Active Bookrunner. Société Générale was the Co-Manager.

Disclaimer This press release and the information contained herein do not constitute an offer to sell or subscribe, nor a solicitation of an order to purchase or subscribe the notes in any country, in particular in the United States. This press release and the information contained herein also do not constitute an offer to purchase nor a solicitation to sell the notes, nor an invitation to participate to the offer to purchase. The distribution of this press release may be restricted in some countries and be subject to specific regulations and persons in possession of this press release should inform themselves about and comply with any applicable restrictions.