REG - Canal+ S.A - €700 MILLION BOND ISSUE SUCCESSFULLY PRICED

Canal+ SAAnnouncement

Wed 18:30

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RNS Number : 2348E  Canal+ S.A  13 May 2026

CANAL+ SA

€700 MILLION BOND ISSUE SUCCESSFULLY PRICED

FOLLOWING SIGNIFICANT OVERSUBSCRIPTION

 

Issy-les-Moulineaux, 13 May 2026

 

CANAL+ SA (LSE: CAN, the "Company"), the global media and entertainment
company, announced today that it has successfully priced its second bond
issuance, reflecting continued strong investor confidence in the Company's
financial profile and strategy.

The Company issued €700 million of senior unsecured notes due 2032 (the
"Notes"), with a 6‑year maturity and bearing an annual coupon of 4.875%. The
transaction was met with strong demand and was 3.7 times oversubscribed,
underlining robust support from a diversified and high-quality investor base.

The Company will use the net proceeds of the issuance of the Notes for general
corporate purposes, including the refinancing of the outstanding €500
million amount of the bridge loan facility which was entered into in December
2025.

BNP PARIBAS, BofA Securities, CIC CIB, Crédit Agricole Corporate &
Investment Banking, Natixis and Société Générale acted as global
coordinators on this transaction. Commerzbank, Mizuho and Standard Chartered
acted as active bookrunners.

Amandine Ferré, Chief Financial Officer and member of the Management Board of
CANAL+, commented:

"We are very satisfied with the outcome of this second successful bond
issuance, again met with strong investor demand that confirms continued
confidence in our strategy and financial discipline. This transaction allows
us to further strengthen our debt structure by diversifying sources of
financing, to extend maturities and to maintain significant financial
flexibility."

 

  For further enquiries please contact:

 CANAL+ S.A  Investor Relations - Julien Desmaretz

             Financial communications - Andrew Swailes

             ir@canal-plus.com (mailto:ir@canal-plus.com)

Disclaimer

This press release, and the information contained therein, does not constitute
an offer or solicitation to purchase or subscribe for the Notes in the United
States, Canada, Australia, Japan, or in any other state or jurisdiction where
such an offer or solicitation would be unlawful, including in the absence of
registration or approval under the laws of that state or jurisdiction.

The offer and subscription of the Notes may be subject in certain countries to
specific legal or regulatory restrictions; Canal+ accepts no liability for any
breach by any person of these restrictions.

 

This press release constitutes a communication of a promotional nature but
does not constitute a prospectus within the meaning of Regulation 2017/1129,
as amended (the "Prospectus Regulation"). The distribution of this press
release may, in certain countries, be subject to specific regulations. Persons
in possession of this document are required to inform themselves of any local
restrictions and to comply with them. Canal+ accepts no responsibility towards
any person in connection with the distribution of this press release or the
information contained therein in any country.

 

European Economic Area. The Notes may not be and have not been offered to the
public in any Member State of the European Economic Area ("EEA") (each a
"Relevant State"), except in accordance with the derogations provided for in
Article 1(4) of the Prospectus Regulation. No action has been or will be taken
to permit an offer to the public of the Notes other than to qualified
investors in a Relevant State.

 

PRIIPS REGULATION /PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes
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 EEA. For these purposes, a retail investor means a person who is one (or
both) of: (i) a retail client as defined in point (11) of Article 4(1) of
Directive (EU) No 2014/65 (as amended, "MiFID II"); or (ii) a customer within
the meaning of Directive (EU) No 2016/97 dated 20 January 2016 on insurance
distribution, as amended (the "Insurance Distribution Directive"), where that
customer would not qualify as a professional client as defined in point (10)
of Article 4(1) of MiFID II. Consequently, no key information document
required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation")
for offering or selling the Notes or otherwise making them available to retail
investors in the EEA has been prepared and therefore offering or selling the
Notes or otherwise making them available to any retail investor in the EEA may
be unlawful under the PRIIPS Regulation.

 

MiFID II product governance / target market - The information memorandum for
the Notes contains a legend entitled "MiFID II product governance /
professional investors and eligible counterparties only target market"
describing the target market assessment with respect to the Notes and the
appropriate distribution channels for the Notes. Any person subsequently
offering, selling or recommending the Notes (a "Distributor") must consider
the target market assessment; a Distributor subject to MiFID II is responsible
for conducting its own target market assessment with respect to the Notes (by
adopting or refining the target market assessment) and determining appropriate
distribution channels.

 

This investment restriction is in addition to the other investment
restrictions applicable in each Relevant State.

 

PROHIBITION OF SALES TO UNITED KINGDOM RETAIL INVESTORS. This press release is
intended only for persons who (i) are located outside of the United Kingdom,
(ii) have professional experience in matters relating to investments and are
"investment professionals" within the meaning of section 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the "Order"), (iii) are referred to in section 49(2) (a) to (d)
(high-equity companies, non-registered associations, etc.) of the Order, or
(iv) are otherwise persons to whom it may otherwise lawfully be communicated
(the persons referred to in paragraphs (i), (ii), (iii) and (iv) together
being referred to as the "Authorised Persons"). The Notes are only intended
for Authorised Persons and any invitation, offer or contact relating to the
subscription, purchase or acquisition of the Notes may only be addressed or
entered into with Authorised Persons. Any person other than an Authorised
Person shall refrain from using or relying on this press release and the
information contained therein. The Notes will not be "admitted to trading" on
a "regulated market" in the UK within the meaning of the Prospectus Rules:
Admission to Trading on a Regulated Market sourcebook ("PRM") and,
accordingly, no document will be required to be published as a prospectus in
accordance with the PRM. This press release does not constitute a prospectus
for the purpose of the PRM and has not been approved by the Financial Conduct
Authority or any other regulatory authority in the United Kingdom.

 

The Notes are not intended to be offered, sold, distributed or otherwise made
available to and should not be offered, sold, distributed or otherwise made
available to any retail investor in the United Kingdom. For these purposes, a
retail investor means a person who is one (or both) of the following: (i) not
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 under the European Union
(Withdrawal) Act 2018, or (ii) not a qualified investor as defined in
paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading
Regulations 2024. Consequently, no disclosure document required by the FCA
Product Disclosure Sourcebook ("DISC") for offering, selling or distributing
the Notes or otherwise making them available to retail investors in the UK has
been prepared and therefore offering, selling or distributing the Notes or
otherwise making them available to any retail investor in the UK may be
unlawful under the DISC and the Consumer Composite Investments (Designated
Activities) Regulations 2024.

 

UK MiFIR product governance / target market - The information memorandum for
the Notes contains a legend entitled "UK MiFIR product governance /
professional clients and eligible counterparties only target market"
describing the target market assessment with respect to the Notes and the
appropriate distribution channels for the Notes. Any person subsequently
offering, selling or recommending the Notes (a "Distributor") must consider
the target market assessment; a Distributor subject to the FCA Handbook
Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product
Governance Rules") is responsible for conducting its own target market
assessment with respect to the Notes (by adopting or refining the target
market assessment) and determining appropriate distribution channels.

 

United States. This press release may not be published, distributed or
transmitted in the United States (or in its territories and dependencies, its
constituent states or the District of Columbia). This announcement does not
constitute a solicitation to purchase or an offer to purchase or subscribe for
the Notes in the United States. The Notes have not been and will not be
registered under the "U.S Securities Act of 1933", as amended (the "Securities
Act") and may only be offered or sold in the United States in accordance with
an exemption regime under the Securities Act. The Notes will only be offered
or sold outside the United States within the meaning and in accordance with
"Regulation S" of the Securities Act.

 

ABOUT CANAL+

 

CANAL+ is a global media and entertainment company with leading positions in
Europe and Africa. Over 40 million subscribers enjoy the CANAL+ entertainment
platform, which brings together the best local and global films, live sport,
TV series and much more. CANAL+ operates in over 70 countries and has
approximately 15,000 employees.

 

CANAL+ operates across the entire audio-visual value chain, including
production, broadcast, distribution and aggregation. In addition to its Pay-TV
and streaming operations in Europe, Africa and Asia, the combined group
includes: MultiChoice Group, Africa's leading entertainment platform;
STUDIOCANAL, Europe's leading film and television studio, with worldwide
production and distribution capabilities; Dailymotion, a major international
video platform powered by cutting-edge proprietary technology for video
delivery, advertising, and monetisation; CANAL+ Distribution, a production and
distribution company specialising in creating and distributing diverse content
and channels; telecommunication services, through GVA in Africa and CANAL+
Telecom in the French overseas jurisdictions and territories.

 

CANAL+ also has minority stakes in Viaplay (Scandinavia's leading
entertainment provider), Viu (a leading OTT provider in Southeast Asia), and
UGC, a leading French cinema group.

 

canalplusgroup.com/en
(https://urldefense.com/v3/__https:/www.canalplusgroup.com/en__;!!BbMIO5B-jb9uIA!BcVIEguJlNYpGE4cfwoj6eRQ1SyIEqLWY8Kc34UXiFGNVcUDu8gwfUCG7vq9IyScCvPRVCn4gxyCB14Ey3PCBRAL5cSKv1GNFVY23owM1g$)

 

 

 

 

 

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