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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
SNFF
SPCM SA (SNF Floerger)€700
2EMEA
Sep 15, 2020
currency
EUR
size (m)
350.000
maturity
Feb 1, 2026
type
Fixed
tenor
5.400
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
NR
s&p
B+
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
2.25% area
spread
270
coupon
2.000%
spread set
-
price
100.00000
yield
2.000%
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)
350.000
maturity
Feb 1, 2029
type
Fixed
tenor
8.400
call
3.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
NR
s&p
B+
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
2.875% area
spread
321
coupon
2.625%
spread set
-
price
100.00000
yield
2.625%
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: 09/15/2020 SPCM SA (SNF Floerger) (SNFF) EUR700m 144A/Reg S sr notes 2-part. NR/B+ (--/stable). Via BNPP physical books/CA joint books, BofA, Natixis, Soc Gen as co-managers. No reg rigths. NY law. List Lux. Settles 09/24 (T+7). - EUR350m (from EUR300m minimum) due 02/01/26 (5.4y). NC2 (MWC B+50bp), then at 101.00, 100.50, 100. Equity claw: 2y 35% at 102.00. Reg S ISIN: XS2234515786. Px talk: 2.25% area. Final guidance: 2.00%-2.125% WPIR. Priced: 2.00% at 100. +270bp vs DBR 0.5% 02/15/26. - EUR350 (from EUR300m minimum) due 02/01/29 (8.4y). NC3 (MWC B+50bp), then at 101.313, 100.656, 100. Equity claw: 2y 35% at 102.625. Reg S ISIN: XS2234516164Px talk: 2.875% area. Final guidance: 2.625%-2.75% WPIR. Priced: 2.625% 100. +321bp vs DBR 0.25% 02/15/29. Did investor call at 10am UKT 09/15. Books closed at 1:30pm UKT 09/15. Orders were to be reconfirmed by 2:45pm UKT 09/15. UOP: along with cash on hand, to redeem its EUR550m 2.875% sr notes due 06/15/23 (callable at 100), repay revolver. Biz: parent of SNF Floerger, a specialty chemicals producer and the worlds largest producer of polyacrylamide. HQ: Saint-Etienne, France.; Registration: 144A/Reg S; Comments: 09/15/2020 SPCM SA (SNF Floerger) (SNFF) EUR700m 144A/Reg S sr notes 2-part. NR/B+ (--/stable). Via BNPP physical books/CA joint books, BofA, Natixis, Soc Gen as co-managers. No reg rigths. NY law. List Lux. Settles 09/24 (T+7). - EUR350m (from EUR300m minimum) due 02/01/26 (5.4y). NC2 (MWC B+50bp), then at 101.00, 100.50, 100. Equity claw: 2y 35% at 102.00. Reg S ISIN: XS2234515786. Px talk: 2.25% area. Final guidance: 2.00%-2.125% WPIR. Priced: 2.00% at 100. +270bp vs DBR 0.5% 02/15/26. - EUR350 (from EUR300m minimum) due 02/01/29 (8.4y). NC3 (MWC B+50bp), then at 101.313, 100.656, 100. Equity claw: 2y 35% at 102.625. Reg S ISIN: XS2234516164Px talk: 2.875% area. Final guidance: 2.625%-2.75% WPIR. Priced: 2.625% 100. +321bp vs DBR 0.25% 02/15/29. Did investor call at 10am UKT 09/15. Books closed at 1:30pm UKT 09/15. Orders were to be reconfirmed by 2:45pm UKT 09/15. UOP: along with cash on hand, to redeem its EUR550m 2.875% sr notes due 06/15/23 (callable at 100), repay revolver. Biz: parent of SNF Floerger, a specialty chemicals producer and the worlds largest producer of polyacrylamide. HQ: Saint-Etienne, France.;

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