Loans Tearsheet 01/21/2022 18:26:27

Currency EUR
Exchange Rate 0.88 EUR = 1 USD
Package ID 154087440620
SDC Deal Number 4510721116

Herens Holdco SARL Closed USD 680.85 Millions Term Loan B

Deal Summary
Issue / Announcement Date 01/11/2022 Total Facility Amount (MM) 601.99 Use of Proceeds Acquisition Finance
Mandate Date 01/11/2022 Facility Currency Swiss Franc Use of Proceeds Notes Amendment adds on a SFr621M
equivalent fungible TLB. The equally split
across euro tranche and dollar tranche
deal is used to fund co. s partial
acquisition of Troy Corp and Enviro Tech
Chemical Services.

Facility Closing Date 01/20/2022 Total Facility Amount (Host MM) 623.93 Loan Target Market North America
Financial Close Date of Facility 01/20/2022 S&P Long Term Corporate Debt Facility B
Rating
Signing Date 01/20/2022 Moody's Long Term Corporate Debt B2
Facility Rating Number
Maturity Date 04/30/2028 Fitch Long Term Corporate Debt Facility --
Rating Number
Status of Loan Closed Is Rank Eligible (Y/N) Y
Loan Facility Type Term Loan B Is Loan Amended (Y/N) Y
Loan Tranche Type Term Loan B Amendment Purpose --
Is Facility Oversubscribed (Y/N) N Sustainable Flag (Y/N) N
Issue Date, Closed Date and Financial Close Date based on main tranche

Tier 1 Agents
Tier 1 Agent Tier 1 Agent Role
Deutsche Bank Arranger
UBS AG Arranger
Standard Chartered Bank PLC Arranger
RBC Capital Markets Arranger
Mitsubishi UFJ Financial Group Arranger
IMI - Intesa Sanpaolo Arranger
Credit Agricole Corporate & Investment Arranger
Bank
UniCredit SpA Arranger
Credit Suisse AG Administration Agent
Societe Generale SA Arranger

Borrower Info
Borrower Borrower Ultimate Parent
Name Herens Holdco SARL Lonza Group AG
Nationality Luxembourg Switzerland
Public Status Private Public
Ticker -- LONN
Primary Listing -- Swiss Exch
TRBC Economic Sector Financials Healthcare
TRBC Business Sector Banking & Investment Services Pharmaceuticals & Medical Research
TF Macro Industry Healthcare Healthcare
TF Mid Industry Biotechnology Biotechnology
Primary SIC Code 6799 2836
Primary SIC Description Investors, nec Biological products, except diagnostic
substances
Business Description Herens Holdco SARL is an intermediating Lonza Group AG, located in Basel,
company. The Company is located in Switzerland, is a biopharmaceutical
Luxembourg. company that manufactures and
develops active ingredients, peptides,
amino acids and other chemical and
biotech ingredients for the nutrition,
hygiene, preservation, agro and personal
care markets. It has market offerings in
the field industry of bio research,
pharmaceutical and biotech, consumer
care, water treatment, wood protection,
agro ingredients and coatings and
composites. The Company was founded
in 1897.

Tranche Details
Transaction Details
Tranche 1 Tranche 2
SDC Deal No 4510721116 4510722116
Issue Date 01/11/2022 01/11/2022
Financial Close / Funded Date 01/20/2022 01/20/2022
Closing Date 01/20/2022 01/20/2022
Main Tranche (Y/N) N Y
Tranche Currency US Dollar Euro
Tranche Original Currency US Dollar Euro
Description of Issue Term Loan B due '28 Term Loan B due '28
Use of Proceeds Acquisition Finance Acquisition Finance
Tranche Amount (MM) 299.58 302.41
Tranche Amount (Host MM) 338.83 302.41
Original Tranche Amount (Host MM) 335.50 295.23
Pricing/Fees Details
Tranche 1 Tranche 2
Loan Pricing Index LIBOR EURIBOR
Pricing Description LIBOR +400.000bps EURIBOR +400.000bps
Fixed Pricing Flag (Y/N) Y Y
Loan Fees: Performance Linked Fixed Fixed
Fee Description Front-End 1 25.000 bps Front-End 1 25.000 bps
Fee Type Front EndOther 25.000
Fee Tier bps Fee
1;Other Front EndOther 25.000
Fee Tier bps Fee
1;Other
Coupon and Put Details
Tranche 1 Tranche 2
Coupon Type Floating Rate Floating Rate
Coupon Rate (%) Floats Floats
Yield (%) Floats Floats
Put Option Type -- --
Put Option Frequency -- --
Put Date -- --
Redemption Information
Tranche 1 Tranche 2
Equal Repayment (Y/N) N N
Extendible Maturity Flag (Y/N) N N
Loan Repayment Type -- --
Maturity Date 04/30/2028 04/30/2028
Final Maturity Date 04/30/2028 04/30/2028
Years to Final Maturity 6.25 6.25
Years to Call Protection -- --
Security Features
Tranche 1 Tranche 2
Loan Tranche Type Term Loan B Term Loan B
Loan Syndicated Type Unknown Unknown
High Yield (Y/N) Y Y
Loan Yield Description Highly Leveraged Leveraged
Conversion Security Type Term Loan B Term Loan B
Fixed Rate Option N N
Senior Flag (Y/N) Y Y
Foreign Issue Flag (Y/N) N N
Credit Enhancement Type Other Other
Loan Institutional Flag (Y/N) Y Y
Other Details
Tranche 1 Tranche 2
Borrower's Legal Counsel No Lawyer No Lawyer
Manager's Legal Counsel No Lawyer No Lawyer
Loan Syndication Agent -- --

Manager Details
Tranche 1
Managers Roles Managers Commitment Amount (Host Fees (MM)
MM)
Credit Suisse AG Administration Agent 0.00 0.52
Credit Agricole Corporate & Investment Arranger 0.00 0.02
Bank
Deutsche Bank Arranger 0.00 0.02
IMI - Intesa Sanpaolo Arranger 0.00 0.02
Mitsubishi UFJ Financial Group Arranger 0.00 0.02
RBC Capital Markets Arranger 0.00 0.02
Societe Generale SA Arranger 0.00 0.02
Standard Chartered Bank PLC Arranger 0.00 0.02
UBS AG Arranger 0.00 0.02
UniCredit SpA Arranger 0.00 0.02
Total 0.00 0.70
Tranche 2
Managers Roles Managers Commitment Amount (Host Fees (MM)
MM)
Credit Agricole Corporate & Investment Arranger 0.00 0.08
Bank
Credit Suisse AG Arranger 0.00 0.08
Deutsche Bank Arranger 0.00 0.08
IMI - Intesa Sanpaolo Arranger 0.00 0.08
Mitsubishi UFJ Financial Group Arranger 0.00 0.08
RBC Capital Markets Arranger 0.00 0.08
Societe Generale SA Arranger 0.00 0.08
Standard Chartered Bank PLC Arranger 0.00 0.08
UBS AG Arranger 0.00 0.08
UniCredit SpA Arranger 0.00 0.08
Total 0.00 0.80
Managers sorted based on fees

Key Financials
Short Term Debt After Offering (MM) --
Long Term Debt After Offering (MM) --
Total Debt After Offering (MM) 0.00

IFR Comments
--

All values provided in EUR, except for the host currency values

Host currency is Swiss Franc