Bond Redemption

Capital‑structure activity included the decision to exercise the make‑whole redemption option on the €750 million, 5.375 % Sustainability Linked Bonds due May 2027. The exercise will be effective on 24 August 2026, with a notice sent to noteholders on 7 August 2026 via BNP Paribas. The redemption follows a new bond issue in May 2026 whose proceeds were earmarked for general corporate purposes, including potential early redemption. This move is part of Valeo’s effort to optimize its capital structure and reduce debt.