NEW ISSUE: TDC Brands €550m 5NC2 Snr Sec; Mid-High 8%s

EMEA IG: Deal Flow - CORP

IPTs: 5NC2: Mid-High 8%s

• Issuer: TDC Brands A/S
• Issue: Senior Secured Notes
• Currency: €
• Total Size: €550m
• Tenor: 5 years
• Call Protection: 5NC2 (50%/ 25% / Par)
• Instrument Ratings: NR/(expected B)/B+ (--/--/stable) (Moody's/S&P/Fitch)
• Distribution: Reg S / 144A
• Min Denoms.: €100,000 x €1,000
• Governing Law: New York Law
• Listing: The International Stock Exchange (TISE)
• Target Market: Eligible counterparties and professional clients only
• Joint Physical Bookrunners: Goldman Sachs International (B&D), Barclays, Deutsche Bank
• Nordic Joint Physical Bookrunners: Nordea, SEB
• Debut issuer
• UoP: Refinancing of existing debt (EUR500m term loan B), add cash on balance sheet, payment of fees and expenses in connection with the offering and general corporate purposes
• Equity sponsors: Macquarie Asset Management (50%) and Danish pension funds PKA, PFA, and Sampension
• Business: TDC Brands (formerly Nuuday) is Denmark’s leading and largest digital service provider, delivering connectivity, communication, and entertainment solutions to households and businesses
• Headquarters: Copenhagen, Denmark
• Global Investor Call Timing: Monday, 20-Apr-26 at 11:00 UKT / 12:00 CET
• Registration Link / Slides: https://www.netroadshow.com/events/login/1PeTHmojEioDgUkLpPY3uCSP25PcbMYRUfIkJ
• Small Group Meetings: Monday, 20-Apr-26 to Tuesday, 21-Apr-26