First Pay: 2027-05-15; Redemption: 2029-10-28; Registration: Reg S Only; Comments: 2.6% DBR due 15th Aug 2033. Total Deal Size: €2,350m-eqv. (including TLBs). MWC: B+50. CoC: 101%. SMR: 100%;
Deal Comments
This deal was upsized from EUR400m to EUR750m
Use of Proceeds
Alongside min. €500m EUR TLB, min. $750m USD TLB and €1,370m equity contribution, proceeds will be used to finance the acquisition of ContiTech by Lone Star Funds, fund cash to balance sheet, and pay transaction fees and expenses