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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
HLTH
PRCD
GRUPHA
Grunenthal GmbH€850
2EMEA
Sep 16, 2026
currency
EUR
size (m)
400.000
maturity
Nov 15, 2032
type
Fixed
tenor
6.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
Ba3
s&p
BB-
fitch
BB+
re-open/tap
No
ipt
5.50%-5.75%
ipt-pxd
-25
guidance
5.25%-5.50%
spread
-
coupon
5.375%
spread set
-
price
100.00000
yield
5.375%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
450.000
maturity
Nov 15, 2032
type
Floating
tenor
6.000
call
1.00
registration
144A/Reg S
benchmark
E
ranking
Sr. Secured
moody's
Ba3
s&p
BB-
fitch
BB+
re-open/tap
No
ipt
E+275 area
ipt-pxd
0
guidance
E+275
spread
275
coupon
3mEu+275
spread set
-
price
100.00000
yield
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
First Pay: 2027-05-15; Redemption: 2028-11-15; Registration: 144A/Reg S; Comments: MWC: B+50. CoC: 101%. Listing: TISE; First Pay: 2027-02-15; Redemption: 2027-11-15; Registration: 144A/Reg S; Comments: MWC: B+50. CoC: 101%. Listing: TISE;
Deal Comments
Total Size: EUR850m
Use of Proceeds
The gross proceeds from the Offering will be used to (i) redeem the 2030 Notes in full (including accrued and unpaid interest and the redemption premium), (ii) redeem the 2028 Notes in part (including accrued and unpaid interest), (iii) for general corporate purposes, including to finance, in part, potential product acquisitions and (iv) pay costs, fees and expenses related to the Offering