Exail Technologies Secures €200 Million through Bond Issue

On January 13, 2026, Exail Technologies S.A. announced the successful completion of a tap issue of undated bonds worth €200 million. These securities are convertible into new shares or exchangeable for existing shares. The bonds will be fully integrated with the previous €300 million issuance from October 2025. The issue price of these new bonds stands at 127% of par, resulting in a negative yield financing for the company.

This financial maneuver was conducted through an accelerated book-building process, targeting qualified investors. The resulting €256 million, including accrued interest, is earmarked for general corporate purposes, such as refinancing the acquisition of iXblue, completed in 2022. Exail Technologies and its main shareholder, Gorgé S.A., have committed to a 90-day lock-up period post-issue date.

The planned issuance date is set for January 20, 2026. BNP Paribas and Natixis served as joint global coordinators.