Commentary & Deal Flow

Priced: 7NC3: 5.75% / 100
Benchmark: DBR 2.600% 15-Aug-33

Price Talk: 7NC3: 5.75-6.00%
IPTs: 7NC3: 6.00-6.25%

• Issuer: Versuni Group B.V. (ticker: PHIDOM) (fka Philips Domestic Appliances)
• Issue: Senior Secured Notes
• Corporate Ratings: B2/B (stable/stable) (Moody's/S&P)
• Instrument Ratings: B2/B (Moody's/S&P)
• Format: 144A/Reg S no reg rights
• Size: €550m (€100m shifted to the term loan)
• Settlement Date: 01-Jul-26 (T+9 UK, T+8 US)
• Maturity: 01-Jul-33
• Tenor: 7y
• Coupon: 5.75%
• Issue Price: 100
• Yield to Maturity: 5.75%
• Spread to Benchmark: 295 bps
• Interest Payment Dates: Semi-annually in arrears on 15-Jan and 15-Jul of each year, commencing on 15-Jan-27
• Call Protection: 7NC3
• First Call Date: 01-Jul-29
• Make Whole Call: At any time prior to 01-Jul-29, at par plus a make-whole premium calculated based on Bund Rate + 50bps
• Redemption Prices:
• • Commencing on 01-Jul-29: 102.875%
  • Commencing on 01-Jul-30: 101.4375%
  • Commencing on 01-Jul-31 and thereafter: 100.000%
• Equity Clawback: 3y 40% at 105.75
• Special Call: 10% per year the 1st 3 years at 103
• Change of Control: 101
• RegS ISIN: XS3418671189
• 144A ISIN: XS3418671346
• Denominations: €100k x €1k
• Governing Law: New York
• Listing: The International Stock Exchange (TISE)
• Use of Proceeds: Alongside the €1,125m (up from €1,025m) TLB and EUR25m cash on hand, to refinance the existing EUR650m 3.125% Senior Secured Notes due 15-June-28 (callable at 100.781) and refinance itsEUR1.025bn TLB (€100m notes downsize was shifted to the term loan)
• Joint Global Coordinators and Physical Bookrunners: Deutsche Bank (B&D), JP Morgan, HSBC
• Joint Bookrunners: BNP PARIBAS, BofA Securities, Citigroup, Goldman Sachs Bank Europe SE, ING, Standard Chartered Bank AG
• Time of Execution: 18-Jun-26 17:35 UKT
• FTT: 19-Jun-26 07:30 UKT / 08:30 CET
• Target Market: The manufacturer target market (MiFIR and MIFID II product governance) is eligible counterparties and professional clients. No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK
• 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

https://www.netroadshow.com/events/login/1PeTHmojFBfu7LWdehhZSlz1NPXvu0UjyRs2R

• Electronic Roadshow: www.netroadshow.com/nrs/home/#!/?show=ea62c3c7
  Entry code: PHIDOM26
• Timing: Books closed at 12:00pm UKT / 1:00pm CET 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.