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Commentary & Deal Flow

NEW ISSUE: Sartorius Finance B.V. €500m 5yr Sr Unsec; MS+125a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Sartorius Finance B.V.

5yr

12-May-31

€500m

Sr Unsec

Fixed

MS+125a


IPTs: 5yr: MS+125a


  • Issuer: Sartorius Finance B.V. (Ticker: SRTGR, Country: NL)
  • Issuer LEI: 529900JCAKTMRXK9EA58
  • Guarantor: Sartorius AG (Country: DE)
  • Guarantor LEI: 529900EQV2DY4FOAMU38
  • Guarantor Rating: BBB- (stable) by S&P
  • Exp. Issue Rating: BBB- by S&P
  • Format: Senior Unsecured, Reg S Bearer
  • Trade Date: 06-May-26
  • Settlement Date: 12-May-26 (T+4)
  • Tenor: 5-year
  • Currency / Size: Exp. €500m
  • Maturity: 12-May-31
  • IPTs: MS+ 125bps area
  • Coupon: Fixed, Annual, Act/Act (ICMA), Following, Unadjusted
  • ISIN: XS3352063047
  • Early Redemption: 3 months par call, make-whole call, Clean-up call (75%), Coc put (at par), Tax Call
  • Documentation: Stand-alone documentation, German law
  • Denomination: €100k x €100k
  • Listing: EUR MTF market of the Luxembourg Stock Exchange
  • Selling Restrictions: As per the Preliminary Prospectus dated 05-May-26 and Final Prospectus dated 08-May-26
  • UoP: General Corporate Purposes incl. the refinancing of the outstanding €650m 4.250% Notes due 14-Sep-26 potentially via a make whole call exercise
  • Joint Bookrunners: Commerzbank, Deutsche Bank (B&D), J.P. Morgan, Société Générale
  • Target Market: Manufacturer target market (MIFID II / UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs or UK PRIIPs KID or CCI product summary has been prepared as not available to retail in EEA or UK.
  • Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The final Prospectus when published, will be available at: https://www.LuxSE.com
  • DealRoadshow: URL: https://dealroadshow.com Entry Code: SARTORIUS26 Direct Link: https://dealroadshow.com/e/SARTORIUS26
  • Timing: Books open, today's business