Spie Batignolles - €400m - Renewal and expansion of the securitisation programme

• Renewal and expansion of Spie Batignolles’ securitisation programme.

• Achieve a target volume of at least EUR300m by extending the programme to unbilled receivables; adding new sellers,
• Manage the effect of seasonality on financing,
• Optimize the price of the programme.

• Phase 1: - Drafting a Request for Proposals - Analysis and description of the existing program - Estimation of additional volumes that could be mobilized • Phase 2: - Consultation with target banks - Selection of arranger and lenders - Negotiation of mandates and Term Sheet • Phase 3: - Transaction execution support - Execution of the transaction (review of audits, BUS and documentation)

• Programme increased to EUR400m
• Financing smoothed by modifying the stress factors applied to the calculation of reserves
• Temporary increase in the maximum amount of funding available
• Cost of financing reduced by 20%.
• Addition of a banking partner.