Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 90

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 90
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 businesses that may not
have been revealed or properly assessed during the due diligence processes, resulting in the BBVA Group assuming unforeseen liabilities or an acquisition not performing as expected. In deciding to make the Exchange Offer, evaluating its risks and
merits and determining the terms and conditions thereof, BBVA did not have access to non-public information regarding the Target Company. BBVA has instead conducted its analysis on the Target Company using
solely publicly available information, assuming the accuracy and material completeness thereof. The absence of access to non-public information regarding the Target Company necessarily limits BBVA’s
ability to accurately anticipate and evaluate the consequences of completing the Exchange Offer, including any losses, costs or other liabilities that may be incurred as a result thereof. For example, without access
to non-public information regarding the Target Company, BBVA may have failed to discover liabilities, contingent or otherwise, or operating or other matters relating to the Target Company’s
business that are not disclosed in publicly available information concerning the Target Company. Any such undisclosed liabilities or matters could require significant effort and expense to address and could ultimately have an adverse effect on
BBVA’s business, financial condition, results of operations and prospects. Furthermore, completion of the Exchange Offer may constitute a breach or default under agreements or instruments of the Target Company, or otherwise result in the
acceleration of obligations (including, without limitation, payment obligations) or changes

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to rights thereunder or the termination thereof. The Target Company (and the BBVA Group, given the Target Company would then be a member of the BBVA Group) may incur liabilities relating to any
such breach or default and may also be unable to replace a terminated agreement or instrument on comparable terms or at all, in the event such a replacement is deemed necessary. Depending on the importance of a terminated agreement or instrument to
the Target Company’s business, failure to replace that agreement or instrument on similar terms or at all may increase the costs to BBVA of operating the Target Company’s business or prevent BBVA from operating part or all of the Target
Company’s business.

Additionally, while BBVA has assumed the accuracy and completeness of publicly available information concerning
the Target Company, such information may contain errors or omissions. Since BBVA was not involved in the preparation of such information, it cannot give assurance that such information is accurate and complete. Any errors or omissions in the
information publicly available to BBVA relating to the Target Company may have affected BBVA’s analysis and estimations of the risks and