Trivium Packaging Finance BV (TRIVIU)

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Trivium Packaging Finance BV (TRIVIU)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	MTRL	PRCD	TRIVIU	Trivium Packaging Finance BV	-		4	EMEA	Jul 19, 2019

Tranche #1Trivium Packaging Finance BV

currency

EUR

size (m)

355.000

maturity

Jan 29, 2022

type

Floating

tenor

7.000

call

registration

Reg S Only

benchmark

3mEu

ranking

Sr. Secured

moody's

s&p

fitch

size description

re-open/tap

ipt

3mEu+375-400

ipt-pxd

guidance

spread

coupon

3mEu+375

spread set

price

100.00000

yield

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 #2Trivium Packaging Finance BV

currency

EUR

size (m)

625.000

maturity

Jan 30, 2024

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

DBR

ranking

Sr. Secured

moody's

Caa2

s&p

fitch

size description

re-open/tap

ipt

4.00% a

ipt-pxd

guidance

E+375

spread

432

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 #3Trivium Packaging Finance BV

currency

USD

size (m)

1,050.000

maturity

Aug 15, 2026

type

Fixed

tenor

7.000

call

registration

144A/Reg S

benchmark

Tsy

ranking

Sr. Secured

moody's

s&p

fitch

size description

re-open/tap

ipt

5.75-6.00%

ipt-pxd

guidance

5.50% a

spread

358

coupon

5.50%

spread set

price

100.00000

yield

5.50%

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 #4Trivium Packaging Finance BV

currency

USD

size (m)

700.000

maturity

Aug 15, 2027

type

Fixed

tenor

8.000

call

registration

144A/Reg S

benchmark

Tsy

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

8.75-9.00%

ipt-pxd

guidance

spread

653

coupon

8.50%

spread set

price

100.00000

yield

8.50%

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

7 yr: First Pay: 2019-11-15; Registration: Reg S Only; Comments: EUR1bn bmk 3yr Green. Baa1/BBB+/A. Citi sole. IPTs MS+75 area, guidance MS+60/65, launch 1bn@+58, bks ~3.25bn. DBR 2% 1/22 +106.8 @ 107.555 . 1mPC. MWC; 7 yr: First Pay: 2019-12-15; Redemption: 2022-08-15; Registration: Reg S Only; Comments: EUR750m bmk 5yr Canadian covered. Aaa/nr/AAA. BNPP/Barc(B&D/DM)/CMZ/Natx. Guidance MS+20 area, set MS+18, bk closed >1bn. OBL 0% 10/23 +71.9 @101.65 / HR 103%; 7 yr: Redemption: 2022-08-15; Registration: 144A/Reg S; Comments: USD1.05bn (upsized from USD900mm) 7.000yr 5.5% Fxd. snr sec 144A/Reg S. Citi/BMO. 5.50% area. 5.75%/6%. T+358; 8 yr: Redemption: 2022-08-15; Registration: 144A/Reg S; Comments: USD700m (upsized from USD600mm)8.000yr 8.50% Fxd. snr 144A/Reg S. Citi/BMO. 8.75%/9%;

Guarantor(s)

Trivium Packaging BV

Use of Proceeds

To form Trivium Packaging, to refinance debt and for general corporate purposes

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