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DFMG Holding GmbH

DFMG Holding GmbH (FUNKGR)

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COMM
PRCD
FUNKGR
DFMG Holding GmbH€1,000
2EMEA
Oct 8, 2026
currency
EUR
size (m)
500.000
maturity
May 15, 2031
type
Fixed
tenor
4.500
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Secured
moody's
-
s&p
-
fitch
BBB
size description
Expected
re-open/tap
No
ipt
MS+170 area
ipt-pxd
-27
guidance
STL
spread
143
coupon
4.875%
spread set
-
price
99.81900
yield
4.927%
book size (m)
2,000
peak book (m)
2,000
x-covered
4
book attrition
0.00%
nic
-
billing & delivering
BNP
active leads
BBV,BNP,CAG
joint leads
-
passive leads
-
co-managers
-
coordinating managers
BNP
book size (m)
2,000
peak book (m)
2,000
x-covered
4
book attrition
0.00%
nic
-
billing & delivering
BNP
active leads
BBV,BNP,CAG
joint leads
-
passive leads
-
co-managers
-
coordinating managers
BNP
currency
EUR
size (m)
500.000
maturity
Oct 15, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Secured
moody's
-
s&p
-
fitch
BBB
size description
Expected
re-open/tap
No
ipt
MS+200 area
ipt-pxd
-25
guidance
STL
spread
175
coupon
5.25%
spread set
-
price
99.80500
yield
5.284%
book size (m)
1,400
peak book (m)
1,700
x-covered
2.8
book attrition
-17.65%
nic
-
billing & delivering
BNP
active leads
BBV,BNP,CAG
joint leads
-
passive leads
-
co-managers
-
coordinating managers
BNP
book size (m)
1,400
peak book (m)
1,700
x-covered
2.8
book attrition
-17.65%
nic
-
billing & delivering
BNP
active leads
BBV,BNP,CAG
joint leads
-
passive leads
-
co-managers
-
coordinating managers
BNP
Tranche Comments
Book size: 2000; Registration: Reg S Only; Comments: 168.2bps vs OBL 2 1/2 04/16/31 @ 96.90 / 3.245% (HR: 99%). MWC: B+25. CoC: Yes. Tax Call: Yes. Clean-Up Call: 80%. LEI: 529900E3V0VHTY0WV642; Book size: 1400; Registration: Reg S Only; Comments: 191.4bps vs DBR 2.6 08/15/33 @ 95.36 / 3.37% (HR: 98%). MWC: B+30. CoC: Yes. Tax Call: Yes. Clean-Up Call: 80%. LEI: 529900E3V0VHTY0WV642;
Guarantor(s)
As defined in the Preliminary Prospectus
Use of Proceeds
Refinancing of existing bank debt, including the Initial Facilities Agreement, and general corporate purposes
Relative Value

COMPS

Ticker

Rating (M/S/F)

Coupon (%)

Maturity

Tenor

Size (€m)

I-Spread (bid)

CLNXSM

— / BBB- / BBB-

3.00%

Jan-31

4.3y

750

78

CLNXSM

— / BBB- / BBB-

2.00%

Feb-33

6.4y

1,250

98

TDCDC

— / — / BBB-

6.50%

Jun-31

4.7y

500

139

TDCDC

— / — / BBB-

4.63%

Oct-33

7.0y

500

172

INTPSA

— / BBB / —

3.88%

Sep-31

4.9y

650

80

INTPSA

— / BBB / —

4.38%

Sep-34

7.9y

500

115

DT

A3 / A- / A-

4.00%

Feb-31

4.3y

750

41

DT

A3 / A- / A-

3.38%

Apr-33

6.6y

750

61

Hide Details

Commentary

All Commentary
CreditFlow: End of Day (Europe IG)11:16 AM ET
1 to 1 of 1

Deal Flow

All Deal Flow
PRICED: DFMG Holding GmbH €1bn Long 4yr & 7yr Snr Sec; MS+143bp & MS+175bp11:09 AM ET
ALLOCATIONS OUT: DFMG Holding GmbH €1bn Long 4yr & 7yr Snr Sec; MS+143bp & MS+175bp10:34 AM ET
LAUNCHED: DFMG Holding GmbH €1bn Long 4yr & 7yr Snr Sec; MS+143bp & MS+175bp07:36 AM ET
NEW ISSUE: DFMG Holding GmbH €1bn Exp. Long 4yr & 7yr Snr Sec; MS+170a & MS+200a04:28 AM ET
MANDATE UPDATE: DFMG Holding GmbH Inv Calls 05-06-Oct; Reg S € bmk L-4yr & 7yr Sr Sec Offering May FollowOct 6, 2026
MANDATE: DFMG Holding GmbH Inv Calls 05-06-Oct; Reg S € bmk long 4yr & 7yr Snr Sec Offering May FollowOct 5, 2026
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About
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Pricing
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Career Portal
CapEdge
CreditFlow
Deal Roadshow
DealVDR
Evercall
More
Americas
+1 888 997 6610
APAC
+852 3018 1600
EMEA
+44 80817 87364
support@creditflowresearch.com
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