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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
COFAV
Constantia Flexibles GmbH€500
1EMEA
Jun 25, 2026
currency
EUR
size (m)
500.000
maturity
Jul 15, 2032
type
Fixed
tenor
6.000
call
2.00
registration
144A/Reg S
benchmark
DBR
ranking
Sr. Secured
moody's
B2
s&p
B-
fitch
B+
size description
-
re-open/tap
No
ipt
High 6s-7%
ipt-pxd
-62.5
guidance
6.50% area (+/-12.5); Final: 6.25%-6.375%
spread
360
coupon
6.25%
spread set
-
price
100.00000
yield
6.25%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
CAG, CTI, EGB, GSC, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
CAG, CTI, EGB, GSC, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
First Pay: 2027-01-15; Redemption: 2028-07-15; Registration: 144A/Reg S;
Deal Comments
The deal was downsized from EUR650m to EUR500m
Use of Proceeds
Net proceeds of the high yield bond, alongside a €1.25bn 6-year TLB will be used to refinance existing Unitranche debt and other local debt and pay transaction fees and expenses