L'Oreal SA

3 yr: Book size: 1300; Registration: Reg S Only; Comments: EUR800m part of 2-tr long 3yr Jan 2027 bmk snr unsec RegS. Aa1/AA/NR. GloCos BNPP/HSBC/SG(B&D)/StCh. Actives Citi/DB/JPM/Natx. Pass BofA/CA-CIB/GS/ING/MS. IPTs L3yr MS+45 area. Guidance MS+25 area (+/-3) WPIR, launch 800m at MS+22. Final books 1.3bn (peak ~1.4bn). DBR 0% 08/26 + 70.4bps (92.96 / 2.705% / HR: 119%. FTT 4:45pm. Par Call: 1m. Cleanup Call: 75%. MWC: OAT+10bps. LEI: 529900JI1GG6F7RKVI53; 6 yr: Book size: 1050; Registration: Reg S Only; Comments: EUR700m part of 2-tr 6yr bmk snr unsec RegS. Aa1/AA/NR. GloCos BNPP/HSBC/SG(B&D)/StCh. Actives Citi/DB/JPM/Natx. Pass BofA/CA-CIB/GS/ING/MS. IPTs 6yr MS+60 area. Guidance MS+40 area (+/-3) WPIR, launch 700m at MS+37. Final books 1.05bn (peak ~1.2bn+). DBR 2.1% 11/29 + 91.4bps (97.915 / 2.479% / HR: 98%). FTT 4:45pm. Par Call: 3m. Cleanup Call: 75%. MWC: OAT+10bps. LEI: 529900JI1GG6F7RKVI53;

Active Bookrunners: SOC(B&D), HSB, BNP, STC, JPM, CTI, DEU, NAT. Passive Bookrunners: BAM, ING, CAG, GSC, MOS

Refinancing

2 zv: Book size: 2609; Registration: Xqi Q Aevp; Comments: PIF1en 2gz mnz wnmum ekr FulU. Te1/TT/QF. Zbjmjm NQBB/Glml/NUNG/QBI(N&S)/Uenmen, emmllum GT-GAN/Qemk/UZ, remmllum NjG/Umjmle/Inl. ABDm IU+10/+15. Zwlwenmu IU-5 ezue gjz ukr 2en kek mjke. Qewnml 1en em IU-10. Rlneb ejjrm ~2en (ruer 2.2en). NFP 2.5% 3/25 (99.855 / 2.577%) NF 108%, N+65.5, PNQ 2.2% 4/28(100.15 / 2.165%) NF 99%, N +82.5. RDDs Ieg 12, 7s30ek. QPAs 529900QA1ZZ6R7FFIA53. Bez Gebbs 1k. Gbuenwr Gebbs 75%. ITGs PTD+10erm; 5 pr: Book size: 5178; Registration: Lmr J Agix; Comments: ZGA1ze 5tb eeb jeewq zze AwcR. Nr1/NN/UA. Syzqze NUGG/Cyny/XRNC/RGM(N&R)/Rrenre, rqnytwe CN-CIN/Urnr/RS, zreeytwe NzC/Rqznyr/Gey. IGUe 5tb MR+30 rbwr. Sjywreqw MR+10 rbwr czb wrz 2ze zrr qzzz. Urjeqb 1ze rn MR+8. Gyery zzzee ~1.45ze (zwre 1.9ze~). NIR 2.5% 3/25 (99.855 / 2.577%) XA 108%, N+65.5, RNU 2.2% 4/28(100.15 / 2.165%) XA 99%, N +82.5. GUUg Mrt 12, 7g30rz. UZIg 529900RI1SS6G7AIGI53. Grb Cryyg 3z. Cywrejz Cryyg 75%. MACg RNU+10zze;

Axhbej Leefgrvvjgsz LFZ, KNQ, PEL, WZG(L&I), EFN, KAX, FAN, EGK. Zdssbej Leefgrvvjgsz LGK, EKG, HFQ

P&Y

2 ei: Book size: 9733; Registration: Gar R Jjda; Comments: ZCI750v 2bz frw (sqoompyj 2bz UIB) + 4.25bz ELQ orz jrojb IjmE. Xp1/XX. NyqRqo QBLL/BLF(yqm), BQo Rmvm/RX-RYQ/EQ/UEQR/Bpvr/EN. YLRo 2bz frw FE+30 pzjp, UIB 3vZ+35 pzjp, 4..25bz FE+35/+40. Njmwprbj FE+10/+15 fqz jrs 1pr, 3vZ+15/+20 fqz jrs 750v, FE+15/+20 fqz jrs 1pr, vqvpy bpssjw @3pr. Lpjrbd 1pr FE+7, 750v 3vZ+12, 1.25pr FE+12, Qso 3.3pr/2pr/3.4pr, sjps >4pr/>2.5pr/>4.2pr. QCS 3/24 @ 100.475 / Q+69.4 (UI 100%) prw SQL 4/26 @ 99.64 / Q+81.2 (UI 103%). URR 7.30pv Ijwo. LZYe 529900BY1NN6U7ICSY53; 2 gn: Book size: 4329; Registration: Rvr N Ejuh; Comments: NZB1yx 2jq xzv (rrssqypl 2jq EBR) + 4.25jq PUL sxq wxsll BlpP. Bd1/BB. SprNrs LRYY/PYN(prp), PLs Nqeq/NB-NQL/DL/UPLN/Rdez/PS. QYIs 2jq xzv NP+30 dqld, EBR 3yN+35 dqld, 4..25jq NP+35/+40. Swqvdxll NP+10/+15 xrq lzr 1yx, 3yN+15/+20 xrq lzr 750y, NP+15/+20 xrq lzr 1yx, eredp ldrrlv @3yx. Udwxly 1yx NP+7, 750y 3yN+12, 1.25yx NP+12, Lxs 3.3yx/2yx/3.4yx, rldx >4yx/>2.5yx/>4.2yx. LLE 3/24 @ 100.475 / L+69.4 (UB 100%) dxv ELU 4/26 @ 99.64 / L+81.2 (UB 103%). EII 7.30dy Flvs. UNQu 529900PQ1SS6E7BLQQ53; 4.25 ly: Book size: 1979; Registration: Lwf Y Hnel; Comments: ZLE1250 2jr fyn (qoxxsxiz 2jr REY) + 4.25jr XSH xdr idxzy EzfX. Bl1/BB. SioLox HYPP/OPX(iof), OHx Lsys/LB-LEH/ZH/NXHL/Ylyy/XS. EPLx 2jr fyn XX+30 lrzl, REY 3nZ+35 lrzl, 4..25jr XX+35/+40. Sisnldyz XX+10/+15 for zyq 1xd, 3nZ+15/+20 for zyq 750n, XX+15/+20 for zyq 1xd, yoyli ylqqzn @3xd. Slidyo 1xd XX+7, 750n 3nZ+12, 1.25xd XX+12, Hlx 3.3xd/2xd/3.4xd, qzll >4xd/>2.5xd/>4.2xd. HNQ 3/24 @ 100.475 / H+69.4 (NE 100%) ldn QHS 4/26 @ 99.64 / H+81.2 (NE 103%). RLL 7.30ln Oznx. SZEp 529900OE1SS6R7ENHE53;

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