Commentary & Deal Flow

Hella GmbH & Co KGaA, a leading developer and manufacturer of lighting, electronic components and systems, (ticker: "HELLA", country: DE) rated Ba1 / BBB- by Moody's / Fitch, has mandated Deutsche Bank, Helaba, LBBW and UniCredit as Joint Bookrunners to arrange a series of fixed income investor calls to be scheduled on 14-15-Sep. An electronic investor presentation will be made available. Helaba will be coordinating logistics.

An expected €300m (WNG), Reg S bearer, Senior Unsecured 4yr € offering will follow, subject to market conditions.

• Expected Issue Ratings: Ba1 by Moody's and BBB- by Fitch
• Use of Proceeds: General corporate purposes, including the refinancing of existing debt
• Documentation: Standalone documentation
• Listing: EuroMTF / Non-regulated Market of the Luxembourg Stock Exchange
• Stabilization: Relevant stabilization regulations including FCA/ICMA will apply
• Target Market: Eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) will be prepared.