Verallia Obtains Consent of the Group’s Lenders in the Context of the Takeover Bid Initiated by BWGI

16 May 2025 08:30 CEST

Regulatory News:

Verallia (Paris:VRLA) announces today that it has obtained the consent of its bank lenders to amend the change of control clause of its existing banking financing facilities¹ so that the completion of the public takeover bid initiated by BWGI, filed with the French Financial Markets Authority (Autorité des marchés financiers) on April 24, 2025 (the “Offer”), will not trigger their early repayment.

With regard to certain other Group financings, Verallia has also obtained Bpifrance’s waiver of its right to request early repayment of an amortizable loan² in the event of the change of control clause stipulated in this loan being triggered in connection with the completion of the Offer, and has also obtained Crédit Agricole Leasing & Factoring's (CALF) consent to amend the change of control clause provided for in the Group’s pan-European and UK factoring programs³, so that it will not be triggered by the completion of the Offer. CALF has also agreed to extend the term of these factoring programs from December 1, 2025, to June 1, 2026.

Verallia is pleased with the confidence shown by its financial partners.

About Verallia

At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world’s most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all.

With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024.

Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO₂ emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement.

Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable.

Disclaimer

This press release does not contain, nor does it constitute, an offer of securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction.

Protection of personal data

You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@verallia.com. Press releases will still be available via the website https://www.verallia.com/en/investors/.

Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@verallia.com. If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France’s regulatory body).

¹ Bank financing facilities comprising (i) a syndicated credit agreement of €1.1 billion comprising (a) a term loan of an initial principal amount of €550 million, of which the principal amounts outstanding at the date of this press release amount to €200 million, bearing interest at Euribor + 1.75%, and (b) a revolving credit facility (RCF) of €550 million, unused at the date of this press release, bearing interest at Euribor + 1.25% and (ii) a revolving credit facility of €250 million, drawn for €120 million as of the date of this press release, bearing interest at Euribor + 0.80%.
² Outstanding amounts due of €23 million as of March 31, 2025.
³ Factoring programs for a maximum amount of €500 million and €50 million, respectively.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250515464669/en/

Press contacts
Sara Natij & Laurie Dambrine
verallia@comfluence.fr | +33 (0)7 68 68 83 22

Investor relations contacts
David Placet | david.placet@verallia.com
Michele Degani | michele.degani@verallia.com

Benoit Grange
Tristan Roquet-Montégon
verallia@brunswickgroup.com