Summer (BC) Holdco B SARL (BANCP)

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Summer (BC) Holdco B SARL (BANCP)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	COMM	PRCD	BANCPBANCP	Summer (BC) Holdco B SARL, Summer (BC) Holdco A SARL	€1,475		2	EMEA	Oct 23, 2019

Tranche #1Summer (BC) Holdco A SARL, Summer (BC) Holdco B SARL

currency

EUR

size (m)

1,000.000

maturity

Oct 31, 2026

type

Fixed

tenor

7.000

call

registration

144A/Reg S

benchmark

ranking

Sr. Secured

moody's

s&p

fitch

size description

re-open/tap

ipt

5.50-5.75%

ipt-pxd

guidance

5.50-5.75%

spread

633

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 #2Summer (BC) Holdco A SARL, Summer (BC) Holdco B SARL

currency

EUR

size (m)

475.000

maturity

Oct 31, 2027

type

Fixed

tenor

8.000

call

registration

144A/Reg S

benchmark

ranking

Sr. Unsecured

moody's

Caa1

s&p

CCC+

fitch

size description

re-open/tap

ipt

9.50%

ipt-pxd

guidance

9.50% a

spread

1001

coupon

9.25%

spread set

price

98.61200

yield

9.50%

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: 2020-04-30; Redemption: 2022-10-31; Registration: 144A/Reg S; Comments: EUR1bn (upsized from EUR350m) 7NC3 snr sec. With 8NC3 unsec & loan portion. Actives GS/MS(B&D). Others in ticket. Whispers 5.5%/5.75%, talk 5.5%/5.75%. DBR 0% 15/08/2026 +633. Tax Call: No. PP: No. XD: No; 8 yr: First Pay: 2020-04-30; Redemption: 2022-10-31; Registration: 144A/Reg S; Comments: EUR475m 8NC3 snr unsec. With 7NC3 sec and loan portion. Active MS(B&D). Others in ticket. Whispers 9.5%, talk 9.5% area. DBR 5.625% 04/01/2028 +1001. Tax Call: No. PP: No. XD: No;

Deal Comments

Issuer (8yr): Summer (BC) Holdco A SARL. Active Bookrunners: GSC, MOS(B&D). Passive Bookrunners: HSB, BRC, MIZ, CSG, RBC, NOM, NTW, DEU, BAM, GSC

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Summer (BC) Holdco B SARL (BANCP)

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