Registration: 144A/Reg S; Comments: 07/16/2020 Gamma Bidco SpA (Gamenet Group) (GAMENT) EUR640m 144A/Reg S sr sec notes fixed/floating 2-part. B1/B (negative/negative). Via CS/Barc/UniCredit jgcs/Banca IMI/BNPP joint books. No reg rights. List Lux. NY law. 100x1. Settles 07/30 (T+5).
- EUR300m (down from EUR340m) FRN due July 15, 2025 (5y). NC1 (MWC B+50bp), then at 101, 100. Reg S ISIN: XS2208645882. Px talk: E+575-600bp at 98.00. Launched: EUR300m E+600bp (0% floor) at 98.00. Priced: E+600bp (0% floor) at 98.00.
- EUR340m (up from EUR300m) fixed rate notes due July 15, 2025 (5y) NC2 (MWC B+50p), then at 103.125, 101.563, 100. Equity claw: 2y 40% at 106.25. Reg S ISIN: XS2208645379. Px talk: 6.25%-6.50% yield. Launched: EUR340m 6.25% at 100. Priced: 6.25% at 100. +693bp vs DBR 1% 15-Aug-2025.
Did investor call at 11:30am UKT 07/13. 1-on-1 investor meetings 07/13-15. Books closed today (07/16) at 11:30am UKT. UOP: along with EUR48m of cash on hand will be used to refinance the existing debt of Gamenet Group and GAMMA Bidco (Gamenet Group SpA EUR206.5m sr sec FRN (E+512.5bp) due 04/27/23 (callable at 100) and EUR225m sec FRN (E+375bp) due 04/27/23 (callable at 100) and EUR215.9m Gamma Bidco loan). Equity sponsor: Apollo Global Management. Biz: Leading Italian gaming operator. HQ: Rome, Italy.;
Registration: 144A/Reg S; Comments: 07/16/2020 Gamma Bidco SpA (Gamenet Group) (GAMENT) EUR640m 144A/Reg S sr sec notes fixed/floating 2-part. B1/B (negative/negative). Via CS/Barc/UniCredit jgcs/Banca IMI/BNPP joint books. No reg rights. List Lux. NY law. 100x1. Settles 07/30 (T+5).
- EUR300m (down from EUR340m) FRN due July 15, 2025 (5y). NC1 (MWC B+50bp), then at 101, 100. Reg S ISIN: XS2208645882. Px talk: E+575-600bp at 98.00. Launched: EUR300m E+600bp (0% floor) at 98.00. Priced: E+600bp (0% floor) at 98.00.
- EUR340m (up from EUR300m) fixed rate notes due July 15, 2025 (5y) NC2 (MWC B+50p), then at 103.125, 101.563, 100. Equity claw: 2y 40% at 106.25. Reg S ISIN: XS2208645379. Px talk: 6.25%-6.50% yield. Launched: EUR340m 6.25% at 100. Priced: 6.25% at 100. +693bp vs DBR 1% 15-Aug-2025.
Did investor call at 11:30am UKT 07/13. 1-on-1 investor meetings 07/13-15. Books closed today (07/16) at 11:30am UKT. UOP: along with EUR48m of cash on hand will be used to refinance the existing debt of Gamenet Group and GAMMA Bidco (Gamenet Group SpA EUR206.5m sr sec FRN (E+512.5bp) due 04/27/23 (callable at 100) and EUR225m sec FRN (E+375bp) due 04/27/23 (callable at 100) and EUR215.9m Gamma Bidco loan). Equity sponsor: Apollo Global Management. Biz: Leading Italian gaming operator. HQ: Rome, Italy.;