SAFRAN (EPA:SAF) - Safran announces the success of its offering of two-year floating rate notes (FRN) for an amount of 500 million euros

Transparency directive : regulatory news

06/07/2018 14:34

NOT FOR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA
OR JAPAN.

PRESS RELEASE

Safran announces the success of its offering of two-year floating rate notes
(FRN) for an amount of 500 million euros

Paris, July 6, 2018

Safran (Euronext Paris: SAF) has launched and priced on July 5, 2018 an
offering of two-year floating rate notes (FRN) for an amount of 500 million
euros.

It will bear a coupon of 3 month Euribor + 33 basis points per annum (coupon
floored at 0%) and will be issued at 100.00% of the nominal value.

The offering was oversubscribed 2.5 times at this level that doesn't concede
any new issue premium, showing the great confidence of investors in the
strategy and the performance of Safran and its high credit standards.

Safran is unrated and has not requested a rating for this offering.
The settlement of the offering is expected to take place on July 13, 2018, once
the prospectus has received the visa of the French Financial Market Authority
(Autorité des Marchés financiers) (AMF).
The notes will then be admitted to trading on Euronext Paris.

The proceeds of the offering will be used for Safran's general corporate
purposes.

This offering of two-year floating rate notes complements the successful
offering of approximately 700 million euros of zero-coupon OCEANEs due 2023
announced on June 18, 2018. Safran diversifies and secures this way its
financing at historically low conditions and strengthens its smooth maturity
debt profile.

Crédit Agricole Corporate and Investment Bank and Crédit Industriel et
Commercial S.A. are the global coordinators of this FRN offering and, together
with SMBC Nikko Capital Markets Limited, are Joint Lead Managers.

Disclaimer

This press release is an advertisement and not a prospectus and not an offer of
securities for sale to U.S. persons or in any jurisdiction, including in or
into the United States, Canada, Japan or Australia.

NOT FOR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR
JAPAN.

The bonds will be offered only by way of private placement to institutional
investors. The securities may not be offered or sold or otherwise made
available to retail investors. No key information document under PRIIPS
regulation has been and will be prepared.

Persons into whose possession any document or other information referred to
herein comes, should inform themselves about and observe any such restriction.
Any failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction. Neither this press release nor
anything contained herein shall form the basis of, or be relied upon in
connection with, any offer or commitment whatsoever in any jurisdiction.

Safran is an international high-technology group, operating in the aircraft
propulsion and equipment, space and defense markets. Safran has a global
presence, with more than 58,000 employees and sales of 16.5 billion euros in
2017. Working alone or in partnership, Safran holds world or European
leadership positions in its core markets. Safran undertakes Research &
Development programs to meet fast-changing market requirements, with total R&D
expenditures of around 1.4 billion euros in 2017. Safran is listed on the
Euronext Paris stock exchange, and is part of the CAC 40 and Euro Stoxx 50
indices.

In February 2018, Safran took control of Zodiac Aerospace, significantly
expanding its aircraft equipment activities. Together with Zodiac Aerospace,
Safran has more than 91,000 employees and would have around EUR21 billion in
adjusted revenue (pro forma 2016).

For more information : www.safran-group.com / Follow @Safran on Twitter

Press
Catherine MALEK : catherine.malek@safrangroup.com / T +33 (0)1 40 60 80 28

Investors Relations
Cécilia MATISSART : cecilia.matissart@safrangroup.com / T +33 (0) 1 40 60 82 46
Frédéric LUCAND : frederic.lucand@safrangroup.com / T +33 (0)1 40 60 82 19

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SAFRAN (EPA:SAF) - Safran announces the success of its offering of two-year floating rate notes (FRN) for an amount of 500 million euros

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