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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
FNCL
PRCD
JERRGB
Jerrold Finco PLC£435
1EMEA
Jan 30, 2020
currency
GBP
size (m)
435.000
maturity
Jan 15, 2026
type
Fixed
tenor
6.000
call
0.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
NR
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
Px talk 5.00% area.
spread
448
coupon
4.875%
spread set
-
price
100.00000
yield
4.875%
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
Registration: 144A/Reg S;
Deal Comments
01/30/2020 Jerrold Finco Plc (Together Financial Services Ltd) GBP435m (up from GBP385m) 144A/Reg S sr sec 1st lien notes due 15-Jan-2026 (6y). NC2 (MWC G+50bp), then at 102.4375, 101.21875, 100. NR/BB-/BB (--/positive/stable). Via CS (B&D)/Barc joint glocos/physical books, Citi/GS/HSBC/JPM joint books. No reg rights. List Euronext Dublin. NY law. Settles Feb 10 (T+7). Reg S ISIN: XS2112899021. Px talk: 5.00% area. GBP50m upsize UOP: pay down revovler, GCP. Final terms: GBP435m at 4.875%. Priced: 4.875% at 100. +448bp vs Gilt 1.50% July 22, 2026. Did investor call a 11am UKT Jan 29. Books closed at 11:45am UKT Jan 30 (originally closing at 10:30am UKT today). UOP: along with cash on hand, to redeem its GBP375m 6.25% 1st lien notes due 09/15/21 (callable at 101.563). Biz: specialist mortgage and secured loan provider in the UK. HQ: Cheadle, Cheshire, UK.

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