Adler Pelzer Holding GmbH (GIAHL) 2023-1

EUR400.0004Apr-27Sr. SecuredB3-BFixedB9.50%9.50%9729.50%-92.50000
Tranche Comments
4 yr: First Pay: 2023-10-01; Redemption: 2024-04-01; Registration: 144A/Reg S; Comments: EUR400m (upsized from EUR350m) (net of OID) c.4NC1 SSN. B3/NR/B. GloCos/phys BNPP(B&D)/Barc. JBs Akros/DB/Uni. IPTs 9.5% coupon at 92-93 OID. Price talk 9.5% coupon at 92-92.5 for 400m gross (upsized net 368m-370m). DBR 0.25% 2/27+972, 12% YTM. Call 50%/par. Reset Date: 2024-04-01. CoC: 101%. Equity Claw Back: 40%. LEI: 984500950ABB2CB7E742;
Use of Proceeds
Repay existing borrowings and general corporate purposes