Piaggio & C

Capital/Financing Update • Sep 27, 2023

Informazione Regolamentata n. 0835-43-2023		Data/Ora Inizio Diffusione 27 Settembre 2023 18:39:00	Euronext Milan
Societa'	:	PIAGGIO & C.
Identificativo Informazione Regolamentata	:	181543
Nome utilizzatore	:	PIAGGION05 - LUPOTTO
Tipologia	:	2.2
Data/Ora Ricezione	:	27 Settembre 2023 18:38:59
Data/Ora Inizio Diffusione	:	27 Settembre 2023 18:39:00
Oggetto	:	250 MILIONI	GRUPPO PIAGGIO: CONCLUSO CON SUCCESSO IL COLLOCAMENTO DEL PRESTITO OBBLIGAZIONARIO DA EURO
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL

COMUNICATO STAMPA

GRUPPO PIAGGIO: CONCLUSO CON SUCCESSO IL COLLOCAMENTO DEL PRESTITO OBBLIGAZIONARIO DA EURO 250 MILIONI

DURATA 7 ANNI, INTERESSE ANNUO 6,5%, PREZZO DI EMISSIONE PARI AL 100%

FORTE DOMANDA DEGLI INVESTITORI PIÙ VOLTE SUPERIORE ALL'OFFERTA

Milano, 27 settembre 2023 – Piaggio & C S.p.A. (PIA.MI) (l'"Emittente"), ha collocato quest'oggi con successo sul mercato high-yield un prestito obbligazionario senior, non assistito da garanzie, dell'ammontare di Euro 250 milioni con una durata di 7 anni, un tasso di interesse annuo fisso del 6,5% ed un prezzo di emissione del 100% (le "Notes").

L'operazione rientra nella strategia del Gruppo Piaggio di diversificare le fonti di finanziamento e gestire attivamente le scadenze del debito, allungandone sensibilmente la durata media, e rifinanzierà le obbligazioni dello stesso importo in scadenza nel 2025.

La risposta da parte degli investitori istituzionali all'operazione è stata estremamente positiva sia in Italia sia all'estero, facendo registrare una domanda più volte superiore all'offerta.

Il Prestito Obbligazionario ha ricevuto un rating BB- da S&P e Ba3 da Moody's, in linea con il rating del Gruppo Piaggio.

Il regolamento e l'ammissione delle Notes alle negoziazioni sull'Euro MTF Market gestito dalla Luxembourg Stock Exchange è previsto che avvenga il 5 ottobre 2023.

Il collocamento dell'Offerta è stato organizzato da BNP Paribas, BofA Securities Europe SA e Intesa Sanpaolo S.p.A. in qualità di joint global coordinators e joint physical bookrunners, e Banca Akros S.p.A. – Gruppo Banco BPM, HSBC Continental Europe, ING Bank N.V. e UniCredit Bank AG in qualità di joint bookrunners.

Per ulteriori informazioni:

Ufficio Stampa Corporate Gruppo Piaggio Resp. Diego Rancati Via Broletto, 13 - 20121 Milano +39 02.319612.19 diego.rancati@piaggio.com

Investor Relations Gruppo Piaggio Resp. Raffaele Lupotto Viale Rinaldo Piaggio, 25 56025 Pontedera (PI) +39 0587.272286 investorrelations@piaggio.com piaggiogroup.com

This press release does not constitute an offer to sell securities in the United States of America. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A and outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), subject to prevailing market and other conditions. There is no assurance that the offering will be completed or, if completed, as to the terms on which it is completed. The securities mentioned herein have not been and will not be registered under the Securities Act, as amended (the "Securities Act") or under any other securities laws of any state of the United States of America or in Australia, Canada or Japan, or in any other jurisdiction in which such offer or solicitation is subject to the approval of the local authorities or would, in any event, be unlawful and such securities may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. Any public offering of securities to be made in the United States will be made by means of an offering memorandum that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements.

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In Member States of the European Economic Area (the "EEA"), this release is only intended for and may only be addressed to persons classified as "qualified investors" pursuant to article 2(e) of Regulation (EU) 2017/1129.

In the United Kingdom, this release is only intended for and may only be addressed to persons classified as "qualified investors" pursuant to article 2(e) of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended, the "EUWA").

This release does not constitute an offer to sell or a solicitation to purchase financial instruments. No action has been or will be taken to allow a public offering of the bonds in any jurisdiction. This release (and the information contained herein) may not be published or distributed, directly or indirectly, in the United States of America, or in Australia, Canada or Japan, or in any other country in which such publication or distribution would be subject to the approval of the local authorities or would, in any event, be unlawful.

Within the United Kingdom, this announcement is directed only at persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("relevant persons"). The investment or investment activity to which this announcement relates is only available to and will only be engaged in with relevant persons and persons who receive this announcement who are not relevant persons should not rely or act upon it.

MiFID II professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 has been prepared as the offer is not addressed to retail investors.

UK MiFIR professionals/ECPs-only / No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 as it forms part of UK domestic law by virtue of the EUWA has been prepared as the offer is not addressed to retail investors.