Plastic Omnium successfully issued a €500 million 5-year bond

Levallois, March 7, 2024

PLASTIC OMNIUM SUCCESSFULLY ISSUED  A €500 MILLION 5-YEAR BOND

Plastic Omnium, a world-leading provider of mobility solutions, announces the successful issue of a €500 million bond due March 2029 with a coupon of 4.875%.

The orderbook, more than three times subscribed, confirms Plastic Omnium creditworthiness for investors and the Group long term strategy. The issue was made following the Group's rating, BB+ with a stable outlook, assigned by S&P Global Ratings on March 1, 2024.

The proceeds of this issue will be used for the Group’s general corporate purposes.

The terms and conditions of the bonds will be described in a prospectus which will be available on Plastic Omnium's website (www.plasticomnium.com).

The Active Bookrunners were BNP Paribas, Crédit Agricole CIB, CIC, Natixis and Société Générale Corporate & Investment Banking. BNP Paribas and Crédit Agricole CIB also acted as Global Coordinators.

Not to publish, distribute or broadcast, directly or indirectly, in the United States, Canada, Australia or Japan and in any other jurisdiction in which it is unlawful to broadcast, publish or distribute this press release.

             

About Plastic Omnium 

Plastic Omnium is a world-leading provider of innovative solutions for a unique, safer and more sustainable mobility experience. Innovation-driven since its creation, the Group develops and produces intelligent exterior systems, customized complex modules, lighting systems, clean energy systems and electrification solutions for all mobility players.

With €11.4 billion economic revenue in 2023 and a global network of 152 plants and 40 R&D centers, Plastic Omnium relies on its 40,300 employees to meet the challenges of transforming mobility.

Plastic Omnium is listed on Euronext Paris, compartment A. It is eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570). www.plasticomnium.com

Contacts: 

Investor relations: Stéphanie LAVAL 

investor.relations@plasticomnium.com

Press: Sarah ADIL 

sarah.adil@plasticomnium.com

Disclaimer

This press release does not constitute or form part of any offer or solicitation to purchase or subscribe for or to sell securities and the issue of the bonds will not be an offer to the public (other than to qualified investors) in any jurisdiction, including France.

Important Information

This press release may not be published, distributed or released, directly or indirectly, in the United States of America, Australia, Canada or Japan or in any jurisdiction in which the offer of the bonds is unlawful. The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes, should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

No communication or information relating to the offering of the bonds may be transmitted to the public in a country where there is a registration obligation or where an approval is required. No action has been or will be taken in any country in which such registration or approval would be required. The issuance or the subscription of the bonds may be subject to legal and regulatory restrictions in certain jurisdictions; Plastic Omnium assumes no liability in connection with the breach by any person of such restrictions.

The bonds will be offered only by way of a placement in France and/or outside France (excluding the United States of America, Australia, Canada and Japan), solely to qualified investors (investisseurs qualifiés) as defined in Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the "Prospectus Regulation"). There will be no public offering in any country (including France) in connection with the bonds, other than to qualified investors. This press release does not constitute a recommendation concerning the issue of the bonds. The value of the bonds can decrease as well as increase.

Potential investors should consult a professional adviser as to the suitability of the investment in the bonds for the person concerned. 

Prohibition of sales to European Economic Area retail investors

The bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ("EEA"). 

For these purposes, the expression "retail investor" means a person who is one (or more) of the following:

(i)                   a retail client as defined in point (11) of Article 4(1) of Directive (EU) No 2014/65 (as amended, "MiFID

II"); or

(ii)                 a customer within the meaning of Directive (EU) No 2016/97 (as amended, the "Insurance Distribution Directive") where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II.

Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the "EU PRIIPs Regulation") for offering or selling the bonds or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the bonds or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

Prohibition of sales to UK retail investors

The bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom ("UK"). 

For these purposes, the expression "retail investor" means a person who is one (or more) of the following:

 

(i)                   a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or 

(ii)                 a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules or regulations made under FSMA the to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client, as defined in point

(8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA. 

Consequently, no key information document required by EU PRIIPs Regulation as it forms part of UK domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the bonds or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the bonds or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

United Kingdom

In the United Kingdom, this announcement is directed only at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order, (iii) are outside the United Kingdom or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "Relevant Persons"). The bonds are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such bonds will be engaged in only with, Relevant Persons.

United States of America

The bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any State or other jurisdiction in the United States of America, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act. The bonds are being offered and sold only outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act ("Regulation S"). Terms used in this paragraph and not otherwise defined have the meanings given to them in Regulation S.