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Commentary & Deal Flow

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by Anna Tkachenko

Jun 18, 2026 9:16 AM ET

FINAL TERMS/DOWNSIZE: Versuni €550m 7NC3 Sr Sec; 5.75%

HYC European Market: Deal Flow - General

Ticker	Security	Term	Tranche Size	IPT	PRice talk	final terms
PHIDOM	Senior Secured Notes	7NC3	€550m (down from €650m)	6.00-6.25%	5.75-6.00%	5.75% at par

Final Terms: 7NC3: €550m 5.75% at par (€100m downsize moved to the term loan)

Price Talk: 7NC3: 5.75-6.00%

IPTs: 7NC3: 6.00-6.25%

Issuer: Versuni Group B.V. (fka Philips Domestic Appliances)
Ticker: PHIDOM
Size: €550m (€100m downsize moved to the term loan)
Format: 144A/Reg S No Reg Rights
Security: Senior Secured Notes
Tenor: 7y
Maturity: 01-Jul-33
Issue Ratings: B2 / B (stable/stable) (Moody's / S&P)
Optional Redemption: NC3 (MWC B+50bp)
- From 2029: 100 + 50% of coupon
- From 2030: 100 + 25% of coupon
- From 2031: 100
- Eqity claw: 3y 40%
- Special call: 10% per year the 1st 3 years at 103
Change of Control: 101
Denominations: 100kx1k
Listing: The International Stock Exchange
Law: New York
Joint Global Coordinators and Physical Bookrunners: Deutsche Bank (B&D), HSBC, JP Morgan
Joint Bookrunners: BofA Securities, BNP PARIBAS, Citigroup, Goldman Sachs Bank Europe SE, ING, Standard Chartered Bank AG
ISINs: Reg S XS3418671189; 144A XS3418671346
UOP: Alongside the €1,125m TLB (vs €1,025m), will refinance the existing EUR650m 3.125% Senior Secured Notes due 15-June-28 (callable at 100.781) and TLB.
Biz: A leading global business in the designing, manufacturing and distribution of Small Domestic Appliances (formerly Philips Consumer Lifestyle).
HQ: Amsterdam, Netherlands
Equity sponsor: Hillhouse Investments
Marketing:
Investor Call: 16-June-2026 at 2:00pm UKT / 3:00pm CET. Operator Assisted Dial-In:

United Kingdom (Local): +44 20 3936 2999

United Kingdom (Toll-Free): +44 808 189 0158

Access Code:917964

Electronic Roadshow: www.netroadshow.com/nrs/home/#!/?show=ea62c3c7
Entry code: PHIDOM26
Timing: Books closed12:00pm UKT / 1:00pm CET 18-Jun-26. Recommitments due by 2:15pm UKT /3:15pm CET 18-Jun-26. Pricing expected 18-Jun-26
Target Market: The manufacturer target market (MiFIR and MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).No PRIIPs KID as not available to retail in EEA or the UK.