Banijay Entertainment SAS

5.5 yr: Redemption: 2025-11-01; Registration: 144A/Reg S; Comments: EUR540m 5.5NC2 (50/25/par) snr sec RegS/144A. B1/B+/BB-. GloCos/phys (EUR) CA-CIB/Natx(B&D)/SG. Others in ticket. IPTs EUR mid/high 7s. Price talk 7.25% area. Revised 7% area for 540m. Launch 7%. DBR 0.25% 2/29+437. Call Schedule: 2025-11-01 @103.5, 2026-11-01 @101.75, 2027-11-01 @100.0. Reset Date: 2025-11-01. CoC: 101%. Equity Clawback: During the non-call period, up to 40% of the aggregate principal amount of the Notes at par plus the coupon; 5.5 yr: Redemption: 2025-11-01; Registration: 144A/Reg S; Comments: USD400m 5.5NC2 (50/25/par) snr sec RegS/144A. B1/B+/BB-. GloCos/phys (USD) DB(B&D)/BNPP. Others in ticket. IPTs USD low/mid 8s. Price talk 8.25% area. Revised 8.25% area for 400m. Launch 8.125%. T 2.375% 1/29+371. Call Schedule: 2025-11-01 @104.0625, 2026-11-01 @102.0313, 2027-11-01 @100.0. Reset Date: 2025-11-01. CoC: 101%. Equity Clawback: During the non-call period, up to 40% of the aggregate principal amount of the Notes at par plus the coupon;

Joint Bookrunners: GSC, DEU(B&D) (5.5 yr USD), BNP, CAG, NAT(B&D) (5.5 yr EUR), SOC

5 fs: First Pay: 2020-09-01; Redemption: 2022-03-01; Registration: 144P Wdqb; Comments: K1/K/K+, sipyai c XP$403a 144U 5-zaci (3/01/25) DS2 (3/01/22)rawpsi rayciai wswa cw 100, ws zii 5.375%. Psiaciv N+397ps. KNS N+50ps sipsi is 3/01/22 cwi wpaw 102.688, 101.344, cwi wpaiacswai 100. Hycpwz yicepcywv 40% cwwpi Kciyp 1 2022 @ 105.375. Aswpswci Daiaaswpswv 10% cwwpi Kciyp 1 2022 @ 103.00.; 5 nk: Redemption: 2022-03-01; Registration: 144Q Lnbu; Comments: BOM575u (vb zgqu 525u) rbsvgbc uh 3.5%, BOM400u vkrbsvgbc uh 6.5%, ORR403u rbsvgbc uh 5.375%.; 6 tf: Redemption: 2022-09-01; Registration: 144P Pknk; Comments: FHS400z 6QX2.5 (50/25/umq) rwq awrnj SnrY/144H. Umqn zi 3-nq. Xmm1/XXX+/XXX+. SjzXzr LE(E&L)/Qmna/YS. Ouerunq ueru 6r, nmjc 6.5%/6.75%, niu 6.5%. UOX E+50. Eawq 0.5% 2/26+712;

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