Reno De Medici S.p.A. announced that it has successfully priced an offering of EUR 600 million of Floating Rate Senior Secured Notes due 2029 (the "Notes") which will be issued at an issue price of 98.00% and will bear interest at a rate equal to the sum of the three-month EURIBOR (subject to a 0% floor) plus 5.00% per year. The Offering is expected to close on April 8, 2024 subject to customary closing conditions. The Notes will mature on April 15, 2029.

The proceeds from the offering of the Notes will be used, together with cash on hand, directly or indirectly to (i) redeem the Issuer's existing EUR 445.0 million aggregate principal amount of floating rate sustainability-linked senior secured notes due 2026, and pay any accrued and unpaid interest thereon, (ii) repay amounts outstanding under and cancel the Issuer's EUR 126.0 million senior facilities agreement entered into in connection with the acquisition by the Issuer of 100% of the share capital of Fiskeby Holding AB, including any accrued and unpaid interest thereon, and (iii) pay fees and expenses in connection with the foregoing transactions, the offering of the Notes and the entry into its new revolving credit facility.