HELLA issues €300M bond to refinance 2027 debt

What's the deal? HELLA, the MDAX-listed automotive supplier, has issued a €300 million unsecured bond with a four-year term running to September 2030 and a coupon of 5.25% per year. Deutsche Bank, Landesbank Hessen-ThüringenDealroom has a profile for this one. Try Dealroom →, Landesbank Baden-WürttembergDealroom has a profile for this one. Try Dealroom →, and UniCredit BankDealroom has a profile for this one. Try Dealroom → acted as joint lead managers.

Why now? The net proceeds are earmarked chiefly to refinance a bond maturing in January 2027, letting HELLA lock in terms ahead of that deadline.

The details: The bond was admitted to trading on the Euro MTF market of the Luxembourg Stock ExchangeDealroom has a profile for this one. Try Dealroom →. It carries ratings of Ba1/NP from Moody's and BBB- from Fitch.

FreshfieldsDealroom has a profile for this one. Try Dealroom → and Hengeler MuellerDealroom has a profile for this one. Try Dealroom → advised HELLA on the placement. The Freshfields team, from its Hamburg corporate, M&A, and capital markets practice, was led by partner Christoph H. Seibt; Hengeler Mueller's Frankfurt capital markets team was led by partner Dirk H. Bliesener.

The signal: Refinancing near-term maturities through fresh bond issuance is a familiar move for large corporates managing their debt stacks. For HELLA, it clears a 2027 obligation well in advance and extends its runway to 2030.

Read more: thedealmatter.com

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