FIS SUCCESSFULLY COMPLETES €770 MILLION BOND ISSUANCE

The transaction attracted strong interest from institutional investors and was significantly oversubscribed.

MONTECCHIO MAGGIORE, Italy, Feb. 5, 2026 /PRNewswire/ -- FIS – Fabbrica Italiana Sintetici ("FIS"), a leading Italian company and one of the top players in Europe in the development and production of active pharmaceutical ingredients (APIs) for the global pharmaceutical industry, today announces the settlement of its €770 million Senior Secured Notes.

 

 

The transaction comprises the issuance of senior secured notes in aggregate principal amount of €300 million, bearing interest at 5.250% per annum and issued at 100.0% of its nominal amount (the "Fixed Rate Notes"), and senior secured floating rate notes in aggregate principal amount of €470 million, bearing interest at three-month Euribor plus 325 basis points (the "Floating Rate Notes" and, together with the Fixed Rate Notes, the "Notes"). The Notes have been admitted to listing on the Official List of the Luxembourg Stock Exchange and trading on the Euro MTF Market thereof on the date hereof.

The Notes have a maturity of 5 years due in February 2031. In connection with the issuance of the Notes, FIS also upsized its existing revolving credit facility from €80 million to €160 million, further strengthening the Group's liquidity position and financial flexibility. The Notes offering was significantly oversubscribed, highlighting the strong confidence of the market in FIS's strategy and financial fundamentals.

In the context of the issuance, FIS has received a Corporate Family Rating (CFR) upgrade from Moody's (rating from B3 with positive outlook to B2 with stable outlook) and Issuer Default Rating (IDR) upgrade from Fitch Ratings (from B with positive outlook to B+ with stable outlook), while Standard and Poor's affirmed the Issuer Credit Rating (ICR) of B rating with stable outlook. Ratings for the Notes are B2 (Moody's), BB- (EXP) (Fitch) and B (Standard and Poor's).

"We are very pleased with the outcome of this bond issuance," - said Daniele Piergentili, CEO and Chairman of FIS. "The strong investor response reflects the market's confidence in our business model and long-term strategy. This transaction confirms our commitment to pursue growth while maintaining a solid and flexible financial structure."