Aéroports de Paris SA - New bond issue and repurchase offer launch FR0013505625

FINANCIAL RELEASE

March 13^th, 2025

Aéroports de Paris SA

Aéroports de Paris announces its intention to proceed with a dual tranche bond issuance for a total amount of 1,000,000,000 euros and the launch of an offer to repurchase its bonds issued on April 2, 2020 

(ISIN: FR0013505625)

Aéroports de Paris SA (the “Company”) rated A- (stable outlook) by Standard & Poor's, announces today its intention to proceed with a new bond issue for a total amount of 1,000,000,000 euros, in two tranches of 500,000,000 euros each and maturing in 8 and 11 years respectively (the “New Notes”). The New Notes are expected to be admitted to trading on the regulated market of Euronext Paris.

The Company's last public issue was a 7-year, 3.375% fixed-rate bond issue for 500,000,000 euros on May 16, 2024.

At the same time, the Company announces the launch of a tender offer (the “Tender Offer”) for its euro bonds issued on April 2, 2020 (maturing on October 2, 2026), bearing interest at a fixed rate of 2.125%, all of which (i.e. 1,000,000,000 euros) are currently outstanding (ISIN: FR0013505625) (the “Existing Notes”). The Existing Notes are admitted to trading on the regulated market of Euronext Paris.

The Tender Offer is conditional on the settlement of the New Notes or on the waiver of this condition by the Company. In addition, the Tender Offer relates to a portion of the Existing Notes and not to their entirety. A maximum nominal acceptance amount has thus been set at 250,000,000 euros (the “Maximum Acceptance Amount”). However, the Company reserves the right to decrease or increase the Maximum Acceptance Amount and may determine the final aggregate principal amount of the Existing Notes accepted under the Tender Offer at its discretion. The acceptance of any Existing Notes validly tendered in the Tender Offer is at the sole and absolute discretion of the Company.

A mechanism of priority allocation in the New Notes may be applied at the sole and absolute discretion of the Company for holders of the Existing Notes who participate in the Tender Offer and who wish to subscribe to the New Notes.

The Tender Offer and the issue of the New Notes are in line with the Company's policy of dynamic management of its debt profile. The transactions announced today contribute to balancing the maturity profile of the bonds issued by the Company. 

The Tender Offer begins today, 13 March 2025 and will expire on 19 March 2025 at 5:00 p.m. (Paris time), it being specified that the Company may extend, withdraw, reopen or terminate the Tender Offer at any time.

The results of the Tender Offer will be announced on 20 March 2025.

The Tender Offer is subject to the terms and conditions described in more detail in the Tender Offer Memorandum dated 13 March 2025.

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Disclaimer

This announcement does not constitute an invitation to participate in the Tender Offer or the issuance of New Notes in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such invitation under applicable securities laws. The distribution of this announcement in certain jurisdictions may be restricted by law. No offer to sell or solicitation of an order to sell or subscribe for a security may be made in a country or territory in which such an offer or solicitation would be contrary to the regulations in force or before its registration under securities law in force in such country or territory. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions. 

Tenders of Existing Notes for purchase pursuant to the Tender Offer will not be accepted from qualifying holders in any circumstances in which such offer or solicitation is unlawful. The Company does not make any recommendation as to whether or not qualifying holders should participate in the Tender Offer.

United-States

Securities may not be offered or sold in the United States absent registration under, or an exemption from the registration requirements of, the U.S. Securities Act of 1933, as amended (the “Securities Act”). The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, any U.S. Person as defined in Regulation S of the Securities Act (each a “U.S. Person”). 

The Tender Offer is not being made and will not be made directly or indirectly in or into, or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone, email and other forms of electronic transmission) of interstate or foreign commerce of, or any facility of a national securities exchange of, the United States or to U.S. Persons and the Existing Notes may not be tendered in the Tender Offer by any such use, means, instrumentality or facility from or within the United States, by persons located or resident in the United States of America (“U.S. holders” within the meaning of Rule 800(h) under the Securities Act). Accordingly, any documents or materials related to the Tender Offer are not being, and must not be, directly or indirectly, mailed or otherwise transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States or to any such person. Any purported tender instruction in response to the Tender Offer resulting directly or indirectly from a violation of these restrictions will be invalid, and tender instructions made by a person located or resident in the United States of America or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States will not be accepted. 

For the purposes of the above paragraph, United States means the United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the North Mariana Islands), any state of the United States of America and the District of Columbia.

Investor Relations contacts: Cécile Combeau +33 6 32 35 01 46 and Eliott Roch +33 6 98 90 85 14 - invest@adp.fr Press contact: Justine Léger, Head of Media and Reputation Department +33 1 74 25 23 23

Groupe ADP designs and operates airports responsibly in Paris and around the world. In 2024, it welcomed nearly 364 million passengers across its network of 26 airports, including more than 103 million at its three airports in the Paris region, Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget, where the passenger experience is provided by Paris Aéroport. Boasting extensive expertise thanks to its international workforce – including a team of almost 6,000 in Paris – Groupe ADP strives to offer its passengers the highest standards of service and hospitality, while pursuing a strategy focused on performance and the decarbonisation of all its airport activities. The Group is transforming its airports into multi-energy, multi-modal hubs to pave the way for a low-carbon aviation industry and better connect France’s regions. Internationally, Groupe ADP has two strategic partnerships with a complementary geographic presence: TAV Airports in Turkey and the Middle East and GMR Airports in India and South-East Asia. In 2024, Group revenue stood at €6,158 million and attributable net income at €342 million.

Aéroports de Paris is a public limited company (Société Anonyme) with share capital of €296,881,806. Registered in the Bobigny Trade and Company Register under no. 552 016 628. Registered office: 1, rue de France, Tremblay-en-France, 93290, France.

Read all our news on www.groupe-adp.com| @GroupeADP |  Groupe ADP

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