07/06/2021 Grunenthal GmbH (GRUPHA) EUR300m 144A/Reg S add-on to its 4.125% green sr sec notes due 05/15/28 (7y). NC3 (05/15/24) (MWC B+50bp), then at 102.063, 101.031, 100. Equity claw: 3y 40% at 104.125. B1/B+/BB+ (stable/positive/stable). Via DB (B&D)/GS jt glocos and physical books/BBVA/Commerz/ING/RBC/UniCredit joint books. No reg rights. List ISE. NY law. Settles 07/14 (T+6). Existing Reg S ISIN: XS2337703537 (temporary Reg S ISIN: XS2363605044. The original EUR250m issue priced 04/22/21. Px talk: 102.00-102.25. Launched: EUR300m at 102.00. Priced: 4.125% at 102.00, 3.790% YTM. +431bp vs 0.5% 02/15/28. Originally EUR300m 2-part with a EUR TBD add-on to its 3.625% due 11/15/26 (5.5y) (Px talk: 102.00-102.25) that was dropped. Did investor call at 10am UKT today. Books closed at 2:30pm UKT 07/06. Reconfirms were due by 4pm UKT 07/06. UOP: along with cash on hand, to repay EUR300 term acquisition facility B. Biz: a leading pharmaceutical company focused on pain therapies. HQ: Aachen, Germany.