Commentary & Deal Flow

Launched: 4yr: €300m @ 5.250%
IPTs: 4yr: 5.500 - 5.625%

• Issuer: HELLA GmbH & Co KGaA
• Ticker: HELLA
• Country: DE
• Issuer LEI: 529900PLX4ADJFWIY024
• Issuer Ratings: Ba1 (stable) / BBB- (stable) (Moody's/Fitch)
• Exp. Issue Ratings: Ba1 / BBB- (Moody's/Fitch)
• Format: Senior, Unsecured, Unsubordinated, Bearer
• Size: €300m
• Ranking: Senior Unsecured
• Joint Bookrunner: Deutsche Bank, Helaba, LBBW (B&D), UniCredit
• Trade Date: 16-Sep-26
• Settlement Date: 23-Sep-26 (T+5)
• Maturity: 23-Sep-30
• Coupon: Fixed (Annual, Act/Act, ICMA)
• Yield: 5.250% (Annual Yield)
• Documentation: Preliminary Prospectus dated 14-Sep-26 / German Law / CoC (Put at Par) / 2m Par Call / Tax Call / Make-whole Call
• Listing: EuroMTF / Non-regulated Market of the Luxembourg Stock Exchange
• Denomination: €100k x 100k
• Use of Proceeds: The net proceeds will be used for general corporate purposes, including refinancing of existing debt.
• Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) will be prepared.
• Marketing:
  • URL: https://dealroadshow.finsight.com
  • Entry Code: HELLA2026
  • Direct Link: https://dealroadshow.finsight.com/e/HELLA2026
• Selling Restrictions: As per the Preliminary Prospectus dated 14-Sep-26
• Stabilisation: Relevant stabilisation regulations, including FCA/ICMA apply
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Prospectus, when published, will be available at: https://www.luxse.com
• Timing: Books open, Today's business
• Books Subject: 12.45 UKT
• ISIN: XS3516171447