Airbus starts €1 billion tender offer for six euro-denominated notes

Chicago, June 10 – Airbus SE started a tender offer for €1 billion nominal amount of notes from six series on Friday, according to an announcement.

The offer relates to the following series with the related pricing information:

• €1 billion outstanding 2.375% notes due April 2, 2024 with a Jan. 2, 2024 call date (ISIN: XS1050846507) with pricing to be based on the 2024 notes interpolated mid-swap rate plus 5 basis points;

• €750 million outstanding 1.625% notes due April 7, 2025 with a Jan. 7, 2025 call date (ISIN: XS2152795709) with pricing to be based on the 2025 notes interpolated mid-swap rate plus 10 bps;

• €600 million outstanding 0.875% notes due May 13, 2026 with a Feb. 13, 2026 call date (ISIN: XS1410582586) with pricing to be based on the May 2026 notes interpolated mid-swap rate plus 10 bps;

• $1.25 billion outstanding 1.375% notes due June 9, 2026 with a March 9, 2026 call date (ISIN: XS2185867830) with pricing to be based on the June 2026 notes interpolated mid-swap rate plus 10 bps;

• €750 million outstanding 2% notes due April 7, 2028 with a Jan. 7, 2028 call date (ISIN: XS2152796269) with pricing to be based on the 2028 notes interpolated mid-swap rate plus 15 bps; and

• €1.25 billion outstanding 1.625% notes due June 9, 2030 with a March 9, 2030 call date (ISIN: XS2185867913) with pricing to be based on the 2030 notes interpolated mid-swap rate plus 30 bps.

Pricing will be determined at 6 a.m. ET on June 20.

For the first series, pricing will take into account the par call date. For the other five series, the maturity dates will be used.

Accrued interest will also be paid.

The amounts to be accepted from each series will be determined by Airbus at a later time. The notes listed above are not based on acceptance priority levels.

Tenders may be prorated.

Noteholders must tender their notes by the expiration deadline, 11 a.m. ET on June 17. Instructions are irrevocable.

Settlement is expected on June 21.

The dealer managers for the offer are Barclays Bank Ireland plc (+44 20 3134 8515, eu.lm@barclays.com), Morgan Stanley Europe E SE (+44 20 7677 5040, liabilitymanagementeurope@morganstanley.com), Natixis (+33 1 58 55 05 56, liability.management-corporate@natixis.com) and NatWest Markets NV (+33 1 73 24 98 80, NWMliabilitymanagement@natwestmarkets.com).

The information and tender agent is Morrow Sodali Ltd. (+44 20 4513 6933, +852 2319 4130, https://projects.morrowsodali.com/airbus, airbus@investor.morrowsodali.com).

Airbus is conducting the offers to reduce gross debt by utilizing surplus liquidity.

Airbus is a multinational European aerospace and defense company based in Toulouse, France.

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