Registration: 144A/Reg S; Comments: 04/24/2020 Motion Finco Sarl (Merlin Entertainments)
EUR500m (up from EUR400m) (approx GBP437m, up from GBP350m equivalent) 144A/Reg S sr sec notes due 15-May-2025 (5y). NC2 (MWC B+50bp), then at 103.50, 101.75, 100. Equity claw: 2y 40% at 107.00. Special call: 1st 120-days, 40% with any regulatory debt facility proceeds at 103.50. B1/B (review for downgrade/CW negative). Via DB/BofA/Barc/HSBC/Mizuho/UniCredit joint books, Santander, SMBC Nikko as co-managers. No reg rights. List ISE. NY law. Denoms100x1. Settles April 29 (T+3). Reg S ISIN: XS2166184916. IPT 7.50% area. EUR100m upsize for GCP. Px talk: 7.00%-7.25%. Priced: 7.00% at 100. +767bp vs 0.00% OBL 11 April 2025. Did investor call at 10:45am UKT 04/24. Books closed at 3:15pm UKT 04/24. UOP: GCP (EUR100m upsize for GCP). Equity sponsors: Blackstone/CPPIB (together 50%) and FIRKBI (the Kirk Kristiansen family) (50%). Biz: provides Branded, location-based family entertainment - midway attractions and theme parks, including the Tussauds Group and Legoland Parks. HQ: Poole, England.;