Allwyn Entertainment Financing (UK) plc (SAZKAG) EUR600m (up from EUR500m) 144A/Reg S sr sec notes due 02/15/31 (5.5y). NC2 (08/04/27)(MWC B+50bp) then on 08/04/27 at 102.06250, on 08/04/28 at 101.03125, and on 08/04/29 and thereafter at 100. Equity claw: 2y 40% at 104.125. Special call: 10% per year the first 2 years at 103. NR/BB/BB- (--/stable/positive). Via Barc/DB (B&D) jt glocos and jt physical books /BNP / Citi / Erste / GS / HSBC / ING / JPM / MS / MUFG / RBI / SMBC / SocGen / UBS / UniCredit / WFS jt books. No reg rights. List ISE. NY law. CoC at 101. Pays February 15 and August 15, starting 02/15/26. Denoms 100x1. Settles 08/04 (T+9). Reg S ISIN: XS3134529562. IPT: 4.50%-4.75%. Price talk: 4.25%-4.50%. $100m upsize for exercising 10% early redemption at 103 on the existing USD notes due 2029 and EUR notes due 2030. Final terms: $600m at 4.125%.
Priced: 4.125% at 100.
Roadshow (small group meetings) 07/21 (did investor call at 11am UKT/12pm CET 07/21). Books closed at 2:45pm UKT/3:45pm CET 07/22. UOP: along with cash on hand, to refinance its EUR500m 3.875% sr sec notes due 02/15/27 (callable at par) ($100m upsize for exercising 10% early redemption at 103 on the existing USD notes due 2029 and EUR notes due 2030). Biz: leading multinational lottery operator. HQ: Lucerne, Switzerland.
Netroadshow link: http://www.netroadshow.com/nrs/home/#!/?show=0b461959.