Commentary & Deal Flow

Dynamo NewCo II GmbH (Innomotics) (DYNNEW) EUR600m 144A/Reg S sr sec notes due 2031 (7y). NC3 (50%,25%,par). B2/B/B+ (stable/stable/positive). ViaBarc (B&D) physical books/Citi/UBS/StanChart/UniCredit/IMI/MUFG/GS/MS/RBI jt books. No reg rights. List ISE. NY law.

IPT: mid-high 6s.

Roadshow 09/23-24 (investor call 10am UKT 09/23). UOP: EUR1.8bn total debt financing, including EUR600m and USD (EUR600m equivalent) term loan B, to fund the LBO of Innomotics by KPS Capital from Siemens AG for EUR3.5bn. Biz: leading global manufacturer of low to high voltage motors, medium voltage drive systems for industrial applications, and related services. HQ: Nuremburg, Germany. (Acquisition announced 05/16/2024).

NetRoadshow/GIC Registration: https://www.netroadshow.com/ev...;confId=71420