INWIT: new Bond issued for 750 Million euro investor demand exceeded by over 3 times the offer

THIS ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES OR POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT IS UNLAWFUL PURSUANT TO APPLICABLE LAW OR REGULATION

Milan, 25 March 2025 – Infrastrutture Wireless Italiane S.p.A. (INWIT or the Company) (rated BB+ by S&P and BBB- by Fitch) announces that it has successfully concluded a new bond issue for a total amount of 750 million euro with market demand exceeding by over 3 times the offer. The 5-year fixed rate bond with a coupon of 3.75% was issued as part of INWIT’s Euro Medium Term Notes Programme and is intended for institutional investors (the New Notes).

The issue attracted more than 200 institutional investors of primary standing both domestically and internationally, with total demand exceeding 2.3 billion euros.

“The success of the new bond issue confirms investors’ appreciation of our creditworthiness and is further recognition of the soundness of our business model. This transaction supports the development of the recently approved Business Plan,” said Emilia Trudu, Administration, Finance & Control Director of INWIT.

The New Notes will be listed on the regulated market of the Luxembourg Stock Exchange and on Borsa Italiana, with the following characteristics:

The New Notes are being issued in conjunction with the cash buyback offer announced by INWIT on 24 March 2025 addressed to the holders of its “€1,000,000,000 1.875 per cent. Notes” due 8 July 2026 (XS2200215213) (the Tender Offer). The Tender Offer period will end on 31 March 2025.

BNP Paribas, Mediobanca – Banca di Credito Finanziario S.p.A, Goldman Sachs International and UniCredit Bank GmbH are acting as Active Bookrunners and BBVA, Bank of America, Credit Agricole CIB and IMI – Intesa Sanpaolo acted as other Bookrunners.

DISCLAIMER

This announcement (and the information contained therein) does not constitute or form part of any offer to sell nor a solicitation of any offer to buy any securities nor shall there be any offer of securities in any jurisdiction in which such offer or sale would be unlawful. It may be unlawful to distribute this announcement in certain jurisdictions. This announcement does not constitute an offer of securities for sale in the United States, Canada and Japan and in any jurisdiction in which such offer or sale would be unlawful and is not for publication or distribution in any such jurisdictions. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement is not a public offer of financial products in Italy as per Article 2, letter (d) of Regulation (EU) 2017/1129. The documentation relating to the offer has not been/will not be submitted to the approval of CONSOB.