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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
BITELV
PLT VII Finance SARL€650
2EMEA
Jul 7, 2020
currency
EUR
size (m)
250.000
maturity
Jan 5, 2025
type
Floating
tenor
5.500
call
1.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B2
s&p
B
fitch
B+
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
E+475bp area (0% floor) at 99.50.
spread
462.5
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
-
currency
EUR
size (m)
400.000
maturity
Jan 5, 2026
type
Fixed
tenor
5.500
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B2
s&p
B
fitch
B+
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
4.75% area
spread
529
coupon
4.625%
spread set
-
price
100.00000
yield
4.625%
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: 07/07/2020 PLT VII Finance Sarl (Bite) EUR650m (up from EUR620m) 144A/Reg S sr sec notes fixed/floater 2-part. B2/B/B+ (stable/stable/stable). Via Citi/DB (B&D) jgcs/joint physical books/ING/Unicredit joint books. No reg rights. List ISE. NY law. 100x1. Settles 07/16 (T+7). - EUR400m fixed-rate notes due Jan 05, 2026 (5.5y). NC2 (07/15/22) (MWC B+50bp), then at 102.3125, 101.1563, 100. Equity claw: 2y 40% at 104.75. Reg S ISIN: XS2200172653. Px talk: 4.75% area. Priced: 4.625% at 100. +529bp vs DBR 1% 08/15/25. - EUR250m FRN due Jan 05, 2026 (5.5y). NC1 (07/15/21) (MWC B+50bp), then at 101, 100. Reg S ISIN: XS2200172067. Px talk: E+475bp area (0% floor) at 99.50. Priced: 3mE+462.5bp (0% floor) at 99.50. Did investor call 11am UKT 07/06. Telephonic roadshow 07/06-07/07. Books closed at 3:30pm UKT 07/07. UOP: repay in full its existing credit facilities (EUR449m), fund a reduction in share capital (EUR215m, up from EUR185m); $30m upsize UOP: distribution to shareholders. Equity sponsor: Providence Equity. Biz: the parent company of Bite group, a leading converged mobile, media, fixed broadband and PayTV player in the Baltics with total c. 2.5m mobile, broadband and PayTV RGUs, as well as unique media content and strong FreeTV market shares in Lithuania, Latvia and Estonia. HQ: Vilnius, Lithuania.; Registration: 144A/Reg S; Comments: 07/07/2020 PLT VII Finance Sarl (Bite) EUR650m (up from EUR620m) 144A/Reg S sr sec notes fixed/floater 2-part. B2/B/B+ (stable/stable/stable). Via Citi/DB (B&D) jgcs/joint physical books/ING/Unicredit joint books. No reg rights. List ISE. NY law. 100x1. Settles 07/16 (T+7). - EUR400m fixed-rate notes due Jan 05, 2026 (5.5y). NC2 (07/15/22) (MWC B+50bp), then at 102.3125, 101.1563, 100. Equity claw: 2y 40% at 104.75. Reg S ISIN: XS2200172653. Px talk: 4.75% area. Priced: 4.625% at 100. +529bp vs DBR 1% 08/15/25. - EUR250m FRN due Jan 05, 2026 (5.5y). NC1 (07/15/21) (MWC B+50bp), then at 101, 100. Reg S ISIN: XS2200172067. Px talk: E+475bp area (0% floor) at 99.50. Priced: 3mE+462.5bp (0% floor) at 99.50. Did investor call 11am UKT 07/06. Telephonic roadshow 07/06-07/07. Books closed at 3:30pm UKT 07/07. UOP: repay in full its existing credit facilities (EUR449m), fund a reduction in share capital (EUR215m, up from EUR185m); $30m upsize UOP: distribution to shareholders. Equity sponsor: Providence Equity. Biz: the parent company of Bite group, a leading converged mobile, media, fixed broadband and PayTV player in the Baltics with total c. 2.5m mobile, broadband and PayTV RGUs, as well as unique media content and strong FreeTV market shares in Lithuania, Latvia and Estonia. HQ: Vilnius, Lithuania.;

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