€700 MILLION BOND ISSUE SUCCESSFULLY PRICED

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 [e-mail]

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

 

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