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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
SRNSBE
Sarens Finance Co NV€300
1EMEA
Feb 6, 2020
currency
EUR
size (m)
300.000
maturity
Feb 21, 2027
type
Fixed
tenor
7.000
call
0.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
NR
s&p
B+
fitch
B+
size description
-
re-open/tap
No
ipt
6% area.
ipt-pxd
-
guidance
5.875% area
spread
628
coupon
5.750%
spread set
-
price
100.00000
yield
5.750%
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; Comments: 02/06/2020 Sarens Finance Co NV EUR300m Reg S sr notes due 21-Feb-2027 (7y). NC3 (MWC B+50bp), then at 102.875, 101.438, 100. NR/B+/B+ (--/stable/stable). Via BNPP/ING (B&D) joint physical books/Commerz/KKR joint books. List ISE. NY law. Settles Feb 21 (T+11). Reg S ISIN: BE6318634548. IPT 6% area. Px talk: 5.875% area. Final terms: EUR300m at 5.75%. Priced; 5.75% at 100. +628bp vs DBR 0.25% 15-Feb-2027. Roadshow Feb 03-06 (Mon London West End, Tues London City, Weds Paris, Thurs Amsterdam/Frankfurt). Books closed at 2:30pm UKT 02/06. Orders were to be reconfirmed by 3:30pm UKT 02/06. UOP: refinance existing EUR250m 5.875% sr notes due 2022 at 100, partial repayment of RCF. Biz: Sarens Bestuur NV provides heavy lifting, complex project transport and specialized crane rental services. HQ: Wolvertem, Belgium.;

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