Exail Technologies launches €250 million convertible bond offering

Exail Technologies SA announced the launch of an offering of undated bonds, convertible into new shares and/or exchangeable for existing shares, for a nominal amount of €250 million. This initiative is accompanied by a €25 million extension option. The bonds, intended for qualified investors, are intended to strengthen the company's financial flexibility, particularly with a view to the future refinancing of the iXblue acquisition. The proceeds from this offering are also expected to reduce the company's debt-to-equity ratio, currently at 1.26x.

The offering follows Exail Technologies’ inclusion in the SBF 120 index and is based on an accelerated bookbuilding process. The final terms of the offering will be confirmed by September 24, 2025, with an expected admission to trading on Euronext Access. BNP Paribas and Natixis are acting as global coordinators on the transaction.