This report does not constitute a rating action. MADRID (S&P Global Ratings) May 6, 2026--S&P Global Ratings said today that Panzani group owner Pimente Investissement's proposed fungible add-on to its existing term loan B (TLB) to finance the proposed acquisition of a Netherlands-based dry pasta and sauce company has a neutral impact on the company?s credit profile. As a result, our 'B-' long-term issuer credit rating on Pimente Investissement and stable outlook remain unchanged. The transaction comprises a €90 million fungible add-on to the existing €525 million TLB and a maturity extension to 2032, raising total gross debt to about pro forma €725 million. Proceeds from the add-on and €85 million in balance sheet cash will be used to finance
