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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
VERISR
Verisure Holding AB€150
1EMEA
Apr 16, 2020
currency
EUR
size (m)
150.000
maturity
Apr 15, 2025
type
Floating
tenor
5.000
call
1.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B1
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
Mid-to-high 5% yield
ipt-pxd
-
guidance
E+500bp at 99.00=99.50.
spread
500
coupon
-
spread set
-
price
99.50000
yield
-
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: 04/16/2020 Verisure Holding AB (publ) (VERISR) EUR200m (up from EUR150m) 144A/Reg S sr sec 1st lien FRN due 04/15/25 (5y). NC1 (MWC B+50bp), then 102, 100. B1/B (stable/--). Via JPM (B&D)/DB/GS/MS/Nordea joint books. No reg rights. List Lux. NY Law. Settles April 23 (T+5). Reg S ISIN: XS20100032295. IPT: mid-to-high 5% yield. Px talk: E+500bp at 99-99.50. Priced: 3mE+500bp (0% floor) at 99.50. Did investor call 04/16 at 11am UKT. Books closed at 3pm UKT 04/16 UOP: repay revolver (EUR178m drawn on EUR300m facility). Equity sponsors: Hellman & Friedman, Eiffel (GIC), Alba. Biz: Leading European provider of professionally monitored alarm systems, primarily fro residential and small business customers. HQ: Geneva, Switzerland.;

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