PRESS RELEASE
NOVEMBER 20, 2025




Imerys strengthens financial structure with successful placing of
€600 million senior unsecured notes and tender offer



On November 13, 2025, Imerys successfully placed €600 million new senior unsecured
notes under its EMTN Programme. The notes have a 7-year maturity and carry a fixed
annual coupon of 4.00%.

This transaction attracted strong demand from a diversified base of institutional
investors and was largely oversubscribed, underlining the Group’s solid credit profile
and investors’ confidence in its business model and financial strength.

Settlement and delivery will take place on November 21, 2025, the date on which the
notes are expected to be admitted to trading on the regulated market of the
Luxembourg Stock Exchange.

In conjunction with the new issuance, Imerys completed a cash tender offer on its
outstanding €600 million 1.50% notes maturing on January 15, 2027. Imerys accepted
offers in an aggregate amount of €256.5 million. With this proactive liability
management operation, the remaining outstanding amount of the existing notes now
stands at €343.5 million. All existing notes purchased by Imerys will be cancelled. The
settlement date for the tender offer is expected to be November 24, 2025.

Following these two transactions, the average maturity of Imerys’ bond profile has been
extended to 4.4 years from 3.4 years at June 2025 end.

The Group’s long-term debt is rated Baa3 (stable outlook) by Moody’s and BBB- (stable
outlook) by Standard & Poor’s.




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Imerys is the world’s leading supplier of mineral-based specialty solutions for the industry with €3.6 billion in
revenue and 12,400 employees in 46 countries in 2024. The Group offers high value-added and functional solutions
to a wide range of industries and fast-growing markets such as solutions for the energy transition and sustainable
construction, as well as natural solutions for consumer goods. Imerys draws on its understanding of applications,
technological knowledge, and expertise in material science to deliver solutions which contribute essential properties
to customers’ products and their performance. As part of its commitment to responsible development, Imerys
promotes environmentally friendly products and processes in addition to supporting its customers in their
decarbonization efforts.
Imerys is listed on Euronext Paris (France) with the ticker symbol NK.PA.
More comprehensive information about Imerys may be obtained from its website (www.imerys.com) in the
Regulated Information section, particularly in its Registration Document filed with the French financial markets
authority (Autorité des marchés financiers, AMF) on March 26, 2025 under number D.25-0161 (also available from
the AMF website, www.amf-france.org). Imerys draws investors’ attention to chapter 2 “Risk Factors and Internal
Control” of its Registration Document.
Disclaimer: This document contains projections and other forward-looking statements. Investors should be aware
that such projections and forward-looking statements are subject to various risks and uncertainties (many of which
are difficult to predict and generally beyond the control of Imerys) that could cause actual results and developments
to differ materially from those expressed or implied.




Analyst/Investor Relations: Press contacts:

Cyrille Arhanchiague : +33 (0)6 07 16 67 26 Mathieu Gratiot : +33 (0)7 87 53 46 60
finance@imerys.com Hugues Schmitt (Primatice) : + 33 (0)6 71 99 74 58
Olivier Labesse (Primatice) : + 33 (0)6 79 11 49 71




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