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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
HLTH
PRCD
TMO
Thermo Fisher Scientific (Finance I) BV€5,250
4USOA
Oct 6, 2021
currency
EUR
size (m)
1,750.000
maturity
Oct 18, 2030
type
Fixed
tenor
9.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB+
fitch
BBB+
size description
-
re-open/tap
No
ipt
MS+85 a
ipt-pxd
-
guidance
MS+70
spread
70
coupon
0.800%
spread set
-
price
99.81000
yield
0.822%
book size (m)
3,300
peak book (m)
-
x-covered
1.89
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,300
peak book (m)
-
x-covered
1.89
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
1,500.000
maturity
Oct 18, 2033
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
No
ipt
MS+100 a
ipt-pxd
-
guidance
MS+85
spread
85
coupon
1.125%
spread set
-
price
99.73200
yield
1.149%
book size (m)
3,000
peak book (m)
-
x-covered
2
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,000
peak book (m)
-
x-covered
2
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
1,250.000
maturity
Oct 18, 2041
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
No
ipt
MS+135 a
ipt-pxd
-
guidance
MS+120
spread
120
coupon
1.625%
spread set
-
price
98.17100
yield
1.734%
book size (m)
2,900
peak book (m)
-
x-covered
2.32
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,900
peak book (m)
-
x-covered
2.32
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
750.000
maturity
Oct 18, 2051
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
No
ipt
MS+165 a
ipt-pxd
-
guidance
MS+150
spread
150
coupon
2.00%
spread set
-
price
99.33100
yield
2.030%
book size (m)
1,900
peak book (m)
-
x-covered
2.53
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,900
peak book (m)
-
x-covered
2.53
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
BAM, BNP, BRC, CSG, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
9 yr: Book size: 3300; First Pay: 2022-10-18; Registration: SEC Registered; Comments: EUR1.75bn 9y. Part of 4-tranche 9y/12y/20y/30y snr unsec SEC Regd. Baa1/BBB+/BBB+. Barc(log)/BofA/Citi/Miz/MS(B&D). IPTs MS+85 area, set MS+70 for exp 1.25-1.5bn, launch 1.75bn, bk ~3.3bn pre rec. 3mPC, MWC B+20. DBR 0% Aug-2030 @ 102.500 HR 95% B+110.1. LEI: 549300SM0PJC1F3RPL91. CoC: 101%; 12 yr: Book size: 3000; First Pay: 2022-10-18; Registration: SEC Registered; Comments: EUR1.5bn 12y. Part of 4-tranche 9y/12y/20y/30y snr unsec SEC Regd. Baa1/BBB+/BBB+. Barc(log/B&D)/BofA/Citi/Miz/MS. IPTs MS+100 area, set MS+85 for exp 1.25-1.5bn, launch 1.5bn, bk ~3bn pre rec. 3mPC, MWC B+20. DBR 0% Aug-2031 @ 101.875 HR 111% B+133.7. LEI: 549300SM0PJC1F3RPL91. CoC: 101%; 20 yr: Book size: 2900; First Pay: 2022-10-18; Registration: SEC Registered; Comments: EUR1.25bn 20y. Part of 4-tranche 9y/12y/20y/30y snr unsec SEC Regd. Baa1/BBB+/BBB+. Barc(log/B&D)/BofA/Citi/Miz/MS. IPTs MS+135 area, set MS+120 for exp 1-1.25bn, launch 1.25bn, bk @2.9bn pre rec. 6mPC, MWC B+25. DBR 4.75% Jul-2040 @ 187.740 HR 61% B+168.8. LEI: 549300SM0PJC1F3RPL91. CoC: 101%; 30 yr: Book size: 1900; First Pay: 2022-10-18; Registration: SEC Registered; Comments: EUR750m 30y. Part of 4-tranche 9y/12y/20y/30y snr unsec SEC Regd. Baa1/BBB+/BBB+. Barc(log)/BofA/Citi/Miz/MS(B&D). IPTs MS+165 area, set MS+150 for exp 750m, launch 750m, bk ~1.9bn pre rec. 6mPC, MWC B+30. DBR 0% Aug-2050 @ 91.885 HR 84% B+173.6. LEI: 549300SM0PJC1F3RPL91. CoC: 101%;
Deal Comments
Active Bookrunners: BRC(B&D) (12yr, 20yr), MIZ, MOS(9yr, 30yr), BAM, CTI. Passive Bookrunners: BNP, CSG, DEU, HSB, ING, MUF, SMB, USB, WFS
Guarantor(s)
Thermo Fisher Scientific Inc
Use of Proceeds
Mixed

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