Indigo Group S.A. - Tender Offer (FR) - Launch

Indigo Group S.A. announces the launch of a tender offer on its €650,000,000 2.125% bonds due 16 April 2025 (ISIN: FR0012236669, of which €528,500,000 are currently outstanding following the partial tender of May 2022) and its intention to issue new bonds

09 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via Indigo Group S.A.

"As part of its active debt management, Indigo Group S.A. (formerly named Infra Foch S.A.S.) (the "Company") today announces its intention to issue, subject to market conditions, new senior unsecured fixed rate bonds (the "New Bonds"). The terms and conditions of the New Bonds will be described in a prospectus which will be available on the Company's website (www.group-indigo.com) and on the website of the Autorité des Marchés Financiers (www.amf-france.org).

The Company also announces the launch today of a cash tender offer (the "Tender Offer") on its €650,000,000 2.125% bonds issued on October 16, 2014 and May 7, 2015 and due on April 16, 2025 (ISIN: FR0012236669, of which €528,500,000 are currently outstanding following the partial tender of May 2022) listed on Euronext Paris (the "Existing Bonds"), up to a maximum acceptance amount of €100,000,000 in aggregate principal amount of the Existing Bonds. The Company has appointed BNP Paribas, Crédit Agricole Corporate and Investment Bank and J.P. Morgan SE as Dealer Managers.

The Company intends to finance the repurchase of the Existing Bonds with the net proceeds of the New Bonds. The balance (if any) of the proceeds remaining from the issue of the New Bonds will be used for the Company’s general corporate purposes and in particular for the refinancing of the outstanding Existing Bonds following the Tender Offer. A mechanism of priority allocation of the New Bonds may be applied at the sole and absolute discretion of the Company for holders of the Existing Bonds expressing their intention to tender Existing Bonds pursuant to the Tender Offer in accordance with the terms and conditions described in a tender offer memorandum dated October 9, 2023 (the "Tender Offer Memorandum").

The New Bonds are intended to be admitted to trading on Euronext Paris and have been rated BBB (S&P)."

...