Registration: 144A/Reg S; Comments: 01/22/2020 INEOS Styrolution Group GmbH EUR600m (up from EUR500m) 144A/Reg S sr sec notes due 16-Jan-2027 (7y). NC3 (MWC B+50bp), then at 101.125, 100.5625, 100. Ba2/BB (stable/stable). Via CS (B&D)/BNP/HSBC jt glocos/Commerrz/Helaba/ING/Lloyds/NatWest joint books. No reg rights. List Lux. NY law. Settles Jan 31 (T+7). Reg S ISIN: XS2108560306. Price talk 2.50% area (pricing at par). Final price talk: 2.375% area (+/- 1/8) (par price). Priced: 2.25% at 100. +269bp vs DBR 0.25% 15-Feb-2027. Roadshow Jan 20-22 (Mon London, Tues London, Weds Paris/Frankfurt). Books closed at 2pm UKT Jan 22 (USD TLB books closed at 10am NYT Jan 22). UOP: along with EUR450m (down from EUR500m) (via BNP+) and US$202m (via HSBC+) TLB, to refinance its existing TLB and securitisation facility, fund a EUR300m shareholder distribution and GCP. EUR100m upsize UOP: reduce EUR TLB and fund EUR50m incremental distribution. Biz: a producer of styrenics and other thermoplastic resins. it is a wholly-owned sub of INEOS AG. HQ: Frankfurt, Germany.;