Saur, the leading water actor, revolutionizes the sector with the issuance* of Blue Bonds

Saur positions itself as a leader in the water transition, aiming to transform water resource management from upstream (reducing consumption) to downstream (valorizing wastewater). Through this issuance of Blue Bonds, the Group takes an additional step in its environmental commitment.

The funds raised through this issuance will be used for:

1. Refinancing existing debts, including the repayment of €450 million Sustainability-Linked Senior Notes due in 2025
2. Financing and refinancing eligible blue projects related to the protection of water resources, in accordance with Saur’s green and blue financing framework

Since 2020, Saur has implemented an ambitious roadmap aimed at enhancing its operational performance, internationalizing its activities, and becoming a key player in industrial water management. With a revenue of €2.1 billion in 2023, Saur aims to reach €4 billion by 2030, focusing on innovation and sustainable solutions. The issuance of these Blue Bonds aligns with this long-term strategy, strengthening the Group’s ability to attract funding for projects with significant environmental impact.

In 2021, Saur became the first water sector player in France to refinance its debt through sustainable bonds totaling nearly €1 billion. This new operation with Blue Bonds once again demonstrates investor confidence in Saur’s vision and ambitions regarding water and environmental transition.

* Although we refer to the “issue” in this press release, it is important to clarify that at this stage we have primarily priced the Blue Bonds. The pricing stage is crucial, as it marks the finalization of the financial conditions prior to the official market issue.