Loxam SAS (LOXAM)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	INDS	PRCD	LOXAM	Loxam SAS	€1,400		3	EMEA	Jul 17, 2019

Tranche #1Loxam SAS

currency

EUR

size (m)

700.000

maturity

Jan 14, 2025

type

Fixed

tenor

5.500

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

BB-

fitch

size description

re-open/tap

ipt

ipt-pxd

guidance

3.25-3.50%

spread

389

coupon

3.25%

spread set

price

100.00000

yield

3.25%

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Loxam SAS

currency

EUR

size (m)

450.000

maturity

Jul 15, 2026

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

s&p

BB-

fitch

size description

re-open/tap

ipt

ipt-pxd

guidance

3.75-4.00%

spread

429

coupon

3.75%

spread set

price

100.00000

yield

3.75%

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Loxam SAS

currency

EUR

size (m)

250.000

maturity

Jul 15, 2027

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

ranking

Sr. Subordinated

moody's

s&p

fitch

size description

re-open/tap

ipt

ipt-pxd

guidance

5.75-6.00%

spread

622

coupon

5.75%

spread set

price

100.00000

yield

5.75%

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5.5 yr: First Pay: 2019-09-15; Redemption: 2021-07-15; Registration: Reg S Only; Comments: EUR700m 5.5NC2 snr sec RegS. Part of EUR1.15bn snr sec (5.5NC2 & 7NC3) and EUR250m 8NC3 snr sub. DB(left/B&D)/BNPP/CA-CIB/Natx/SG. Talk 3.25%/3.5%, tbp 3.25% for 700m. 389bps vs 0.5% DBR Feb 2025. Tax Call: No. PP: No. XD: No; 7 yr: First Pay: 2019-12-15; Redemption: 2022-07-15; Registration: Reg S Only; Comments: EUR450m 7NC3 snr sec RegS. Part of EUR1.15bn snr sec (5.5NC2 & 7NC3) and EUR250m 8NC3 snr sub. DB(left/B&D)/BNPP/CA-CIB/Natx/SG. Talk 3.75%/4%, tbp 3.75% for 450m. 429bp vs 0% DBR Aug 2026. Tax Call: No. PP: No. XD: No; 8 yr: First Pay: 2019-12-15; Redemption: 2022-07-15; Registration: Reg S Only; Comments: EUR250 8NC3 snr sub RegS. With EUR1.15bn snr sec (5.5NC2 & 7NC3). DB(left/B&D)/BNPP/CA-CIB/Natx/SG. Talk 5.75%/6%, tbp 5.75%. 622bp vs 0.5% DBR Aug 2027. Tax Call: No. PP: No. XD: No;

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