Thermo Fisher Scientific (Finance I) BV (TMO)

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Thermo Fisher Scientific (Finance I) BV (TMO)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	TMO	Thermo Fisher Scientific (Finance I) BV	€4,400		5	USOA	Sep 24, 2019

Tranche #1Thermo Fisher Scientific (Finance I) BV

currency

EUR

size (m)

800.000

maturity

Mar 1, 2025

type

Fixed

tenor

5.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

BBB

size description

re-open/tap

ipt

MS+100 a

ipt-pxd

guidance

MS+75 a

spread

coupon

0.125%

spread set

price

99.11400

yield

0.29%

book size (m)

3,000

peak book (m)

x-covered

3.75

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,000

peak book (m)

x-covered

3.75

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Thermo Fisher Scientific (Finance I) BV

currency

EUR

size (m)

800.000

maturity

Mar 1, 2028

type

Fixed

tenor

8.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

BBB

size description

re-open/tap

ipt

MS+115 a

ipt-pxd

guidance

MS+95 a

spread

coupon

0.50%

spread set

price

99.06000

yield

0.615%

book size (m)

3,250

peak book (m)

x-covered

4.06

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,250

peak book (m)

x-covered

4.06

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Thermo Fisher Scientific (Finance I) BV

currency

EUR

size (m)

900.000

maturity

Oct 1, 2031

type

Fixed

tenor

12.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

BBB

size description

re-open/tap

ipt

MS+130 a

ipt-pxd

guidance

MS+110 a

spread

105

coupon

0.875%

spread set

price

99.24300

yield

0.942%

book size (m)

3,400

peak book (m)

x-covered

3.78

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,400

peak book (m)

x-covered

3.78

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #4Thermo Fisher Scientific (Finance I) BV

currency

EUR

size (m)

900.000

maturity

Oct 1, 2039

type

Fixed

tenor

20.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

BBB

size description

re-open/tap

ipt

MS+160 a

ipt-pxd

guidance

MS+145 a

spread

140

coupon

1.50%

spread set

price

99.74300

yield

1.515%

book size (m)

2,250

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,250

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #5Thermo Fisher Scientific (Finance I) BV

currency

EUR

size (m)

1,000.000

maturity

Oct 1, 2049

type

Fixed

tenor

30.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa1

s&p

BBB+

fitch

BBB

size description

re-open/tap

ipt

MS+200 a

ipt-pxd

guidance

MS+185 a

spread

180

coupon

1.875%

spread set

price

98.46500

yield

1.943%

book size (m)

2,500

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,500

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 3000; Registration: SEC Registered; Comments: EUR800m bmk Long 5yr Part of 4.4bn 5-tr, SEC regd. Baa1/BBB+/BBB. BAML(B&D)/Citi/GS/JPM. IPTs MS+100 area, guidance MS+75 area, set MS+70, bk 3bn (~16bn combined), DBR 0.5% 2/25 +105.9 @ 107.01 HR 93%. MWC: B+20bp. Par Call: 1m; 8 yr: Book size: 3250; Registration: SEC Registered; Comments: EUR800m bmk. Part of 4.4bn 5-tr, SEC regd. Baa1/BBB+/BBB. BAML/Citi/GS(B&D)/JPM. IPTs MS+115 area, guidance MS+95 area, set MS+90, bk 3.25bn, (combined ~16bn). DBR 0.5% 2/28 +130.6 @ 110.32 HR 89%. MWC: B+20bp. Par Call: 3m; 12 yr: Book size: 3400; Registration: SEC Registered; Comments: EUR900m bmk. Part of 4.4bn 5-tr. SEC regd. Baa1/BBB+/BBB. BAML/Citi/GS(B&D)/JPM. IPTs MS+130 area, guidance MS+110 area, set MS+105, bk 3.4bn, (~16bn combined) DBR 0% 8/29 +154 @106.11 HR 106%, Par Call: 3m. MWC: B+25bp; 20 yr: Book size: 2250; Registration: SEC Registered; Comments: EUR900m bmk. Part of exp 4bn 5-tr, exp 4.25bn. SEC regd. Baa1/BBB+/BBB. BAML/Citi/GS(B&D)/JPM. IPTs MS+160 area, guidance MS+145 area, set MS+140, bk 2.25bn, (~16bn combined) DBR 4.25% 7/39 +185.9 @194.14 HR 56%. MWC: B+30bp. Par Call: 6m; 30 yr: Book size: 2500; Registration: SEC Registered; Comments: EUR1bn bmk. Part of exp 4bn 5-tr. SEC regd. Baa1/BBB+/BBB. BAML(B&D)/Citi/GS/JPM. IPTs MS+200 area, guidance MS+185 area, set MS+180 on 2.5bn bk (~16bn combined), DBR 1.25% 8/48 HR 62%+209.6 @141.45. Par Call: 6m. MWC: B+35bp;

Deal Comments

Joint Bookrunners: BAM (B&D) (5yr/30yr), CSG (B&D) (8yr/12yr/20yr), CTI, JPM

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Thermo Fisher Scientific (Finance I) BV (TMO)

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