Sartorius Finance BV (SRTGR)

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Sartorius Finance BV (SRTGR)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	SRTGR	Sartorius Finance BV	€3,000		4	EMEA	Sep 7, 2023

Tranche #1Sartorius Finance BV

currency

EUR

size (m)

650.000

maturity

Sep 14, 2026

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+120 a

ipt-pxd

guidance

MS+95 a

spread

coupon

4.25%

spread set

price

99.82600

yield

4.313%

book size (m)

3,600

peak book (m)

x-covered

5.54

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,600

peak book (m)

x-covered

5.54

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Sartorius Finance BV

currency

EUR

size (m)

650.000

maturity

Sep 14, 2029

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+155 a

ipt-pxd

guidance

MS+130 a

spread

120

coupon

4.375%

spread set

price

99.83400

yield

4.407%

book size (m)

3,500

peak book (m)

x-covered

5.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,500

peak book (m)

x-covered

5.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Sartorius Finance BV

currency

EUR

size (m)

850.000

maturity

Sep 14, 2032

type

Fixed

tenor

9.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+180 a

ipt-pxd

guidance

MS+155 a

spread

145

coupon

4.50%

spread set

price

99.15400

yield

4.617%

book size (m)

4,800

peak book (m)

x-covered

5.65

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

4,800

peak book (m)

x-covered

5.65

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #4Sartorius Finance BV

currency

EUR

size (m)

850.000

maturity

Sep 14, 2035

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+215 a

ipt-pxd

guidance

MS+155 a

spread

175

coupon

4.875%

spread set

price

99.42200

yield

4.94%

book size (m)

6,800

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

6,800

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

3 yr: Book size: 3600; Registration: Reg S Only; Comments: EUR650m 3yr bmk snr unsec RegS. BBB(S&P). JPM(GloCo/log)/BNPP/DB(B&D). Feedback MS+100. IPT MS+120 area. Guidance MS+95 area for exp 600m. Launch 650m at MS+85. Final books 3.6bn+. B+138.2. FTT 4:30pm. Tax Call: Yes. Par Call: 1m. Cleanup Call: 80%. MWC: B+25. CoC: Yes; 6 yr: Book size: 3500; Registration: Reg S Only; Comments: EUR650m 6yr bmk snr unsec RegS. BBB(S&P). JPM(GloCo/log)/BNPP/DB(B&D). Feedback MS+100s low. IPT MS+155 area. Guidance MS+130 area for exp 600m. Launch 650m at MS+120. Final books 3.5bn+ (peak 3.8bn+). B+184.9. FTT 4:30pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+30. CoC: Yes; 9 yr: Book size: 4800; Registration: Reg S Only; Comments: EUR850m 9yr bmk snr unsec RegS. BBB(S&P). JPM(GloCo/log)/BNPP/DB(B&D). Feedback MS+100s mid. IPT MS+180 area. Guidance MS+155 area for exp 800m. Launch 850m at MS+145. Final books 4.8bn+ (peak 5bn+). B+204.3. FTT 4:30pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+35. CoC: Yes; 12 yr: Book size: 6800; Registration: Reg S Only; Comments: EUR850m 12yr bmk snr unsec RegS. BBB(S&P). JPM(GloCo/log)/BNPP/DB(B&D). Feedback MS+100s high. IPT MS+215 area. Guidance MS+185 area for exp 800m. Launch 850m at MS+175. Final books 6.8bn+. B+224.8. FTT 4:30pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 80%. MWC: B+35. CoC: Yes;

Guarantor(s)

Sartorius AG

Use of Proceeds

M&A

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