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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
MAHLGR
MAHLE GmbH€500
1EMEA
Apr 24, 2024
currency
EUR
size (m)
500.000
maturity
May 2, 2031
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Ba2
s&p
BB
fitch
-
size description
-
re-open/tap
No
ipt
high 6s
ipt-pxd
-
guidance
6.50%-6.75%
spread
399
coupon
6.500%
spread set
-
price
100.00000
yield
6.500%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
-
passive leads
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
-
passive leads
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2027-05-02; Registration: 144A/Reg S; Comments: B&D: DEU;
Deal Comments
04/24/2024 MAHLE GmbH (MAHLGR) EUR500m (up from EUR400m) 144A/Reg S sr gtd notes due 05/02/31 (7y). NC3 (MWC B+50bp), tehn at 103.25, 101.625, 100. Ba2/BB (stable/stable). Via BNP/Citi/DB (B&D)/JPM jt glocos and physical books/Commerz/HSBC/LBBW/UniCredit jt books. List ISE. NY law. Settles 05/02 (T+5, T+6 US biz days). Reg S ISIN: XS2810867742. IPT: high 6s. EUR100m upsize for GCP, including future debr repayment. Px talk: 6.50%-6.75%. Priced: 6.50% at 100. +399bp vs DBR 0% 08/15/31. Roadshow 1-on-1s 04/22-24 (global investor call at 11am UKT 04/22). Books closed at 2:30pm UKT 04/24. UOP: repay EUR299m of its EUR544m promissory notes (Schuldsheindarlehen) and EUR30m private placement corporate bond, and $63m for GCP (EUR100m upsize for GCP, including future debt repayment). Biz: a tier 1 global auto parts supplier. HQ: Stuttgart, Germany.

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