26.03.2024 19:01:09 - dpa-AFX: GNW-Adhoc: Solvay successfully completes its inaugural EUR 1.5 billion dual tranche bond issuance

Brussels, March 26, 2024, 19:00 CET
Solvay today successfully completed the placement of its inaugural bond
transaction, which represents another important milestone after the partial
demerger of its Specialty Businesses in December 2023.
"This key transaction strengthens the capital structure of Solvay and gives the
company the financial stability to execute its strategy in this new phase of
its journey," said Alexandre Blum, Solvay CFO. "We are particularly pleased with
the exceptional participation of more than 250 and 300 investors in the 4-year
tranche and the 7.5-year tranche respectively. This contributed to a transaction
nearly 6 times oversubscribed, a clear testimony of the continuous support and
confidence from institutional investors in Solvay's vision and strategy".
The 4-year EUR750m bond maturing on April 3rd, 2028, and the 7.5-year EUR750m bond
maturing on Oct 3rd, 2031, will have coupons of 3.875% and 4.250% respectively.
Both bonds will be rated BBB- by S&P, matching Solvay's long-term credit rating.
Bond settlement is scheduled for April 3, 2024, with trading expected to begin
on the Euro MTF market of the Luxembourg Stock Exchange around the same time.
In alignment with its prudent financial policy, the proceeds will be used for
general corporate purposes, including the refinancing of the EUR 1.5b bridge
facility set up at the end of 2023 in relation to the partial demerger.
BNP Paribas, BofA Securities, J.P. Morgan and Morgan Stanley acted as Global
Coordinators for the transaction and as Joint Bookrunners together with
Commerzbank, Crédit Agricole CIB, ING and KBC Bank.
Disclaimer
THIS COMMUNICATION IS NOT INTENDED FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS
PROHIBITED UNDER APPLICABLE LAW.
The issue, exercise or sale of securities in the offering are subject to
specific legal or regulatory restrictions in certain jurisdictions. The
information contained herein shall not constitute or form part of an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of the
securities referred to herein, in any jurisdiction in which such offer,
solicitation or sale would be unlawful. Solvay SA assumes no responsibility in
the event there is a violation by any person of such restrictions.
This press release does not constitute an offer to sell, or a solicitation of
offers to purchase or subscribe for, securities in the United States or any
other jurisdiction. The securities referred to herein have not been, and will
not be, registered under the Securities Act of 1933, as amended, and may not be
offered, exercised or sold in the United States or to, or for the account or
benefit of, U.S. persons, except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act
of 1933. There is no intention to register any portion of the offering in the
United States or to conduct a public offering of securities in the United
States.
This communication may only be communicated, or caused to be communicated, to
persons in the United Kingdom in circumstances where the provisions of Section
21 of the Financial Services and Markets Act 2000, as amended (the "Financial
Services and Markets Act") do not apply to Solvay SA and is directed solely at
persons in the United Kingdom who (i) have professional experience in matters
relating to investments, such persons falling within the definition of
"investment professionals" in Article 19(5) of the Financial Services and
Markets Act (Financial Promotion) Order 2005, as amended (the "Order") or (ii)
are persons falling within Article 49(2)(a) to (d) of the Order or other persons
to whom it may lawfully be communicated (all such persons together being
referred to as "relevant persons"). This communication is directed only to
relevant persons and must not be acted on or relied on by persons who are not
relevant persons.
The securities referred to herein 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, a retail investor means a person who is one (or more) of: (i) a
retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU,
as amended ("MiFID II") or (ii) a customer within the meaning of Directive (EU)
2016/97, as amended, where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II.
The securities referred to herein 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, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it
forms part of 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 and any rules or regulations made under the
Financial Services and Markets Act to implement Directive (EU) 2016/97, 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 domestic law
by virtue of the EUWA.
The securities referred to herein are also not intended to be offered, sold or
otherwise made available, and should not be offered, sold or otherwise made
available, in Belgium to consumers (consumenten/consommateurs) within the
meaning of the Belgian Code of Economic Law (Wetboek van economisch recht/Code
de droit économique), as amended.
The securities referred to herein may be held only by, and transferred only to,
eligible investors referred to in Article 4 of the Belgian Royal Decree of 26
May 1994, holding their securities in an exempt securities account that has been
opened with a financial institution that is a direct or indirect participant in
the securities settlement system operated by the National Bank of Belgium or any
successor thereto.
This press release is not a prospectus nor an advertisement for the purpose of
Regulation (EU) 2017/1129.
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Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SOLVAY S.A. A 856200 Frankfurt 33,880 29.05.24 11:20:59 -0,310 -0,91% 34,150 34,570 33,820 34,190

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