Business: Leading global manufacturer of premium self-adhesive materials and specialty papers, serving approx. 19,000 customers across more than 130 countries
Use of Proceeds: Together with cash on hand, redeem its existing €665m Senior Secured Floating Rate Notes due January 2030 and pay accrued and unpaid interest thereon, and pay transaction fees and expenses
Issue Type: Senior Secured Floating Rate Notes due 2033
Size: €665 million
Tenor: 7 years
Call Protection: NC1 / Par
Coupon Type: Floating
Format: 144A / RegS
Denominations: 100k x 1k
Global Coordinator and Sole Physical Bookrunner: Goldman Sachs Bank Europe SE (B&D)
Global Coordinators and Joint Bookrunners: Nomura, Santander, UniCredit
Joint Bookrunners: BNP Paribas, BPER Banca Corporate & Investment Banking, IMI-Intesa Sanpaolo, J.P. Morgan, Mizuho, Monte dei Paschi di Siena, Morgan Stanley, Standard Chartered Bank
Clearing / Settlement: Euroclear / Clearstream
Listing: Luxembourg Stock Exchange
Governing Law: New York
Target Market: Manufacturer target market (EU MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK.