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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
DUFNSW
Avolta AG (fka Dufry AG)€350
1EMEA
Sep 15, 2026
currency
EUR
size (m)
350.000
maturity
Mar 22, 2032
type
Fixed
tenor
5.500
call
2.00
registration
Reg S Only
benchmark
DBR
ranking
Senior
moody's
Ba2
s&p
BB+
fitch
-
re-open/tap
No
ipt
5.25%-5.50%
ipt-pxd
-12.5
guidance
5.25%
spread
190
coupon
5.25%
spread set
-
price
100.00000
yield
5.25%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
First Pay: 2027-03-22; Redemption: 2028-09-22; Registration: Reg S Only; Comments: +190bp vs 0% DBR 15-February-2032. MWC: B+50. CoC: 101%. Tax Call: Yes;
Guarantor(s)
Avolta AG (parent, Switzerland). Dufry International AG (Switzerland). Dufry Financial Services BV (Netherlands). Hudson Group (HG), Inc. (USA) - all fully and unconditionally, joint and several
Use of Proceeds
To partially refinance Senior Notes due 2027 and pay transaction fees and expenses