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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
MERLLN
Motion Finco Sarl€500
1EMEA
Apr 24, 2020
currency
EUR
size (m)
500.000
maturity
May 15, 2025
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B1
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
7.50% area
ipt-pxd
-
guidance
7.00%-7.25%
spread
767
coupon
7.000%
spread set
-
price
100.00000
yield
7.000%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
-
joint leads
BAM, BRC, DEU, HSB, ...
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
-
joint leads
BAM, BRC, DEU, HSB, ...
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
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.;

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