REG - Canal+ S.A - INAUGURAL BOND TRANSACTION

Canal+ SAAnnouncement

21/11/2025 08:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251121:nRSU5225Ia&default-theme=true

RNS Number : 5225I  Canal+ S.A  21 November 2025

 

 

Press release

CANAL+ (LSE : CAN)

Issy-les-Moulineaux, 21 November 2025

 

 

CANAL+ SA INAUGURAL BOND TRANSACTION

 

CANAL+ SA ("Canal+"), a leading global media and entertainment company with
40 million subscribers in over 70 countries, announces today that it has
mandated BNP Paribas, BofA Securities, Crédit Agricole CIB, JP Morgan and
Société Générale as Joint Global Coordinators and Barclays, HSBC, IMI -
Intesa Sanpaolo and ING as Joint Active Bookrunners to arrange a series of
fixed-income investor calls starting on 24 November 2025.

A pre-recorded investor presentation (with voiceover) will also be made
available.

Subject to market conditions, a senior unsecured bond offering with a 5-year
maturity may follow.

The net proceeds of the issuance of the note (the "Notes") would be used by
Canal+ for general corporate purposes including the refinancing of part of the
outstanding €1,461 million amount of the Bridge Facility, which was entered
into to secure the financing of the acquisition of the MCG shares, and on
which some of the Global Coordinators and Joint Bookrunners are lenders.

This communication is an advertisement. The Final Information Memorandum, when
published, will be available on the website of the issuer
https://www.canalplusgroup.com/en
(https://urldefense.com/v3/__https:/www.canalplusgroup.com/en__;!!BbMIO5B-jb9uIA!HBYphBlvcCkkUV97_Q9TL5YDKNZdqMjkH-Vk-PyyaQqYZfNukmuCUG5TNKtO9suFR0TvjRg83aaHL-iwpD44bGC2s1gyZbK46kE$)
and on the Luxembourg Stock Exchange website at: http://www.bourse.lu
(https://urldefense.com/v3/__http:/www.bourse.lu__;!!BbMIO5B-jb9uIA!HBYphBlvcCkkUV97_Q9TL5YDKNZdqMjkH-Vk-PyyaQqYZfNukmuCUG5TNKtO9suFR0TvjRg83aaHL-iwpD44bGC2s1gyyW2B_cA$)
.

 

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.

 

UK PRIIPS REGULATION / PROHIBITION OF SALES TO UNITED KINGDOM RETAIL
INVESTORS. This press release is intended only for persons who (i) are located
outside the United Kingdom, (ii) are "investment professionals" within the
meaning of section 19(5) of 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 persons to whom an invitation or inducement is directed to
be undertaken in investment activities (within the meaning of Section 21 of
the FSMA in connection with the issue or sale of the Notes, may be lawfully
disclosed (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.

 

This press release does not constitute a prospectus and has not been approved
by the Financial Conduct Authority or any other regulatory authority in the
United Kingdom within the meaning of Section 85 of the FSMA.

 

The Notes are not intended to be offered, sold or otherwise made available
and, from that date, shall not be offered, sold or otherwise made available to
a retail investor in the United Kingdom. For these purposes, a retail investor
means a person having one or more of these qualities: (i) a retail client as
defined in Article 2(8) of Regulation (EU) No 2017/565 as part of domestic law
under the EUWA; or (ii) a client as defined in the FSMA and any rules or
regulations made under the FSMA to implement the Insurance Distribution
Directive, where that client would not be qualified as a retail investor
professional client within the meaning of Article 2(1)(8) of Regulation (EU)
No 600/2014 as it forms part of national law under the EUWA. Consequently, no
key information document required by Regulation (EU) No 1286/2014 as it forms
part of UK domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for
offering or selling the Notes or otherwise making them available to retail
investors in the UK has been prepared and therefore offering or selling the
Notes or otherwise making them available to any retail investor in the UK may
be unlawful under the UK PRIIPs Regulation.

 

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+

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a
global media and entertainment company. On 22 September 2025, CANAL+ confirmed
it is in effective control of MultiChoice Group and beginning the integration
process. MultiChoice is Africa's leading entertainment platform, offering a
wide range of products and services, including DStv, GOtv, Showmax, M-Net,
SuperSport, Irdeto, and KingMakers. Together, the new combined group has 40
million subscribers worldwide, operates in over 70 countries and has
approximately 17,000 employees.

CANAL+ operates across the entire audio-visual value chain, including
production, broadcast, distribution and aggregation. It is home
to STUDIOCANAL, a leading film and television studio with worldwide
production and distribution capabilities; Dailymotion, major international
video platform powered by cutting-edge proprietary technology for video
delivery, advertising, and monetization; CANAL+ Distribution, a production
and distribution company specialising in creating and distributing diverse
content and channels; and telecommunication services, through GVA in Africa
and CANAL+ Telecom in the French overseas jurisdictions and territories.

CANAL+ also has significant equity stakes in Viaplay (the Pay-TV leader in
Scandinavia) and Viu (a leading OTT platform in Southern Asia).

canalplusgroup.com/en
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.canalplusgroup.com%2Fen&data=05%7C02%7CKarima.MHOUMADI%40canal-plus.com%7Ca687611793894e678a1008de0b0a4206%7Cbf5c5de16a544091a72f90e32801628c%7C1%7C0%7C638960335847538203%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=qpPz8mNd4t%2F6SglAWIjaiHj9Ra6RkAfj45eCWeceS7c%3D&reserved=0)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGRBDBUSDDGUB



            Copyright 2019 Regulatory News Service, all rights reserved