20231108 - Worldline - Statement post S&P rating decision

Rating change to BBB- by S&P Global Ratings

Worldline maintains Investment Grade

Paris La Défense, 08 November 2023 – S&P Global Ratings (S&P) lowered the issuer credit rating of Worldline (the “Company”) from BBB to BBB-, with a stable outlook.

The company takes note of the decision, which is driven by a longer than expected deleveraging process. S&P’s perception of Worldline as a solid business remains intact, while the group's liquidity level is classified as "exceptional".

This rating change should have marginal impacts on the company’s financing.

Worldline benefits from ample liquidity resources (€1.2bn cash position and undrawn €1bn RCF as at Jun-23) and faces no short-term maturities as 2024 bonds have already been pro-actively addressed via a new bond issuance in September 2023 and bonds buyback.

Worldline remains committed to maintaining its investment grade rating, strong liquidity, and deleveraging through focus on profitable organic growth and integration.

FORTHCOMING EVENTS

• February 28, 2024                FY 2023 results
  
  
  
  

INVESTOR RELATIONS

Laurent Marie

E

Guillaume Delaunay

E

COMMUNICATION

Sandrine van der Ghinst

E

Hélène Carlander

E

ABOUT WORLDLINE

Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.4 billion euros revenue in 2022.

Worldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.

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