Registration: Reg S Only; Comments: 07/02/2020 B&M European Value Retail SA (BME/LN, BMELN) GBP400 (up from GBP350m) Reg S sr sec notes due 07/15/25 (5y). NC2 (G+50bp), then at 101.813, 100.906, 100. Equity claw: 2y 40% at 106.625. Ba3/BB- (stable/--). Via BNPP/HSBC (B&D) glocos and jt physical books/Barc/BofA/Commerz/GS/Lloyds joint books. List Lux. NY law. 100x1. Settles 07/13 (T+7). ISIN: XS2199627030. GBP50m upsize UOP: cash on B/S. Px talk: 3.75% area (+/- 0.125%). Priced: 3.625% at 100. +365bp vs UKT 0.625% 06/07/25. Virtual roadshow 07/01-02 (investor call at 12:30pm UKT 07/01). Books closed at 3pm UKT 07/02. UK afternoon. SSA Investments (an investment vehicle owned by the CEO and family) plans to purchase GBP100m of the notes. UOP: along with a new GBP300m term loan A (GBP155m revolver - undrawn) and cash on hand will be used to refinance all of its existing sr credit facilities (GBP301m sr sec term loan A), repay GBP82m bridge facility, redeem in full its GBP250m 4.125% sr sec notes due 02/01/22 (callable at 101.031), and GCP. Biz: leading discount retailer in the UK with a growing presence in France. HQ: Luxembourg.;