Launch of an ODIRNANE Offer by Exail Technologies

Exail Technologies SA announced the launch of an offering of unsubordinated, perpetual bonds for a nominal amount of €250 million, extendable to €275 million. These bonds, called ODIRNANE, may be repaid in cash or converted into new or existing shares.

The offering, open only to qualified investors, is accompanied by a placement of loaned shares to facilitate coverage for subscribers. The funds raised will be used to strengthen shareholders' equity and prepare for the refinancing of the iXblue acquisition, which will be completed in 2022.

BNP Paribas and Natixis are coordinating the transaction. The bonds will offer an annual coupon of 4.00% to 4.50%, revisable in 2030. The company will be able to make an early redemption under certain conditions as early as 2030.