Snam — Capital/Financing Update 2024

Apr 8, 2024

Informazione Regolamentata n. 0542-32-2024	Data/Ora Inizio Diffusione 8 Aprile 2024 19:35:58		Euronext Milan
Societa'	:	SNAM
Identificativo Informazione Regolamentata	:	188750
Utenza - Referente	:	SNAMN05 - Pezzoli
Tipologia	:	3.1
Data/Ora Ricezione	:	8 Aprile 2024 19:35:58
Data/Ora Inizio Diffusione	:	8 Aprile 2024 19:35:57
Oggetto	:	Snam: successfully issued a €750 million Floating rate note with coupon equal to 3-Month Euribor plus 0.40%
Testo del comunicato

Vedi allegato

This press release is available at www.snam.it

t

m.it Internal

snam press office T+ 39 02.37037273

.stampa@snam.i

snam investor relations T+39 02.37037898

ufficio

invest or.relations@sna

NOT TO BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES, CANADA AND JAPAN

Snam: successfully issued a €750 million Floating rate note with coupon equal to 3-Month Euribor plus 0.40%

The overall peak of demand reached about 3 times the offer

San Donato Milanese (MI), April 8 th 2024 – Snam S.p.A. (rated Baa2 by Moody's, BBB+ by S&P, and BBB+ by Fitch) has today successfully concluded the issuance of a 2 years Floating rate note for a total amount of Euro 750 million, at Euribor 3 month plus 0.40%.

The transaction is in line with Snam's financial strategy to optimize the cost of debt, expected on average at 2,6% over the plan horizon.

"We are particularly satisfied with the outcome of today's issuance, which has collected an extraordinary demand from the market. It is the result of our ongoing effort to seize opportunities to reduce the cost of our debt while diversifying our investor base. – commented Snam's Finance Director Nicole Della Vedova. - We are strongly committed to pursue our financial strategy, ensuring value creation for all our stakeholders, in line with our Strategic Plan presented to the financial community in January".

The notes are issued under Snam's 13 billion euros EMTN (Euro Medium Term Note) programme whose renewal was last approved by the Board of Directors on 11 October 2023 and will be listed on the Luxembourg Stock Exchange.

Joint Bookrunners of the placement are Banca Akros, BNP Paribas, Crédit Agricole, IMI-Intesa Sanpaolo, UniCredit.

Snam Press Office T+ 39 02.37037273 ufficio.stampa@snam.it

Snam Investor Relations T+39 02.37037898 investor.relations@snam.it

DISCLAIMER

This announcement (and the information contained therein) does not constitute or form part of any offer to sell nor a solicitation of any offer to buy any securities nor shall there be any offer of securities in any jurisdiction in which such offer or sale would be unlawful. It may be unlawful to distribute this announcement in certain jurisdictions. This announcement does not constitute an offer of securities for sale in the United States, Canada and Japan and in any jurisdiction in which such offer or sale would be unlawful and is not for publication or distribution in any such jurisdictions. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement is not a public offer of financial products in Italy as per Article 2, letter (d), of Regulation (EU) 2017/1129. The documentation relating to the offer has not been/will not be submitted to the approval of CONSOB.