Capital/Financing Update • Aug 5, 2025
Capital/Financing Update
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE

Wendel has successfully placed a €500 million bond issue maturing in August 2033 and bearing interest at 3.75%.
The issue was very well received by investors and was more than 5.2 times oversubscribed.
Wendel will use the net proceeds of the issue for the financing of the exercise of its early make-whole redemption option on all of the bond bearing an interest rate of 2.50% maturing in February 2027, with an outstanding nominal amount of €500 million (ISIN FR0012516417).
This transaction will enable Wendel to extend the average maturity of its bond debt.
| Total amount of the issue | €500 million |
|---|---|
| Maturity | August 11, 2033 |
| Issue price / Reoffer price | 99.850% |
| Yield to maturity | 3.772% |
| Coupon | 3.75% |
| Listing | Euronext Paris |
Crédit Agricole CIB, Crédit Industriel et Commercial, Mediobanca, Natixis and Société Générale serve as bookrunners for the Bond issue.
This press release does not constitute an offer, or an invitation to apply for, or an offer or invitation to purchase or subscribe for any securities either in the United States or in any other jurisdiction which may be subject to restrictions. These securities may not be offered or sold in the United States of America unless they are registered or exempt from registration under the US Securities Act of 1933, as amended.
This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation"). A prospectus will be prepared and made available to the public, in compliance with the Prospectus Regulation, for the purpose of admitting the 20[35] bonds to trading on the regulated market of Euronext Paris.
This press release does not constitute an offer of securities in France or in any other country. The 20[35] bonds are the subject of a private placement in France to qualified investors as defined in Article 2(e) of the Prospectus Regulation and in accordance with Article L.411-2 of the Monetary and Financial Code, and outside France. As of the date of this press release, no prospectus related to the placement of the 20[35] bonds has been approved by a competent authority of any European Economic Area Member State.
Wendel will undertake no action as part of this placement with a view to making an offer to the public (other than to qualified investors) in France or abroad.
In the United Kingdom, this press release may be sent to qualified investors as defined in Article 2(e) of the Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 only under circumstances wherein section 21(1) of the Financial Services and Markets Act 2000 does not apply.
The dissemination of this press release in any country where such dissemination could constitute a violation of applicable legislation is prohibited.
Q3 2025 Trading update – Publication of NAV as of September 30, 2025 (post-market release)
Full-Year 2025 Results – Publication of NAV as of December 31, 2025, and Full-Year consolidated financial statements (post-market release)
Q1 2026 Trading update – Publication of NAV as of March 31, 2026 (post-market release)
H1 2026 results – Publication of NAV as of June 30, 2026, and condensed Half-Year consolidated financial statements (post-market release)
Wendel is one of Europe's leading listed investment firms. Regarding its principal investment strategy, the Group invests in companies which are leaders in their field, such as ACAMS, Bureau Veritas, Crisis Prevention Institute, Globeducate, IHS Towers, Scalian, Stahl and Tarkett. In 2023, Wendel initiated a strategic shift into third-party asset management of private assets, alongside its historical principal investment activities. In May 2024, Wendel completed the acquisition of a 51% stake in IK Partners, a major step in the deployment of its strategic expansion in third-party private asset management and also completed in March 2025 the acquisition of 72% of Monroe Capital. As of June 30, 2025, Wendel manages 39 billion euros on behalf of third-party investors, and c.6.2 billion euros invested in its principal investments activity.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB, stable outlook – Short-term: A-2
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information: wendelgroup.com
Follow us on LinkedIn @Wendel
Press contacts Analyst and investor contacts
Christine Anglade: +33 6 14 04 03 87 Olivier Allot: +33 1 42 85 63 73 [email protected] [email protected]
Caroline Decaux: +33 1 42 85 91 27 Lucile Roch: +33 1 42 85 63 72 [email protected] [email protected]
Primatice Olivier Labesse: +33 6 79 11 49 71 [email protected] Hugues Schmitt: +33 6 71 99 74 58 [email protected]
Kekst CNC Todd Fogarty: + 1 212 521 4854 [email protected]


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