Registration: 144A/Reg S; Comments: 10/15/2020 CMA CGM SA (CMACG) EUR525m 144A/Reg S sr notes due Jan 15, 2026 (5.25y). NC2.25 (01/15/23) (MWC B+50bp), then at 103.750, 101.875, 100. Equity claw 2.25y 40% at 107.50. Caa1/B- (positive/positive). Via BNPP (B&D)/HSBC joint glocos/CA/ING/SG joint books, CIC, UniCredit joint leads. No reg rights. List Lux. Denoms 100kx1k. New York law. Settles 10/21 (T+4). Reg S ISIN: XS2242188261. Px talk: 8% area yield (with OID). Priced: 7.50% at 97.848, yield 8.00%. +882bp vs DBR 1% 08/15/25. Telephonic/Video roadshow 10/13-15 (investor call at 9am UKT 10/13). Books closed at 3pm UKT 10/15. UOP: refinance CMA CGM's EUR525m 7.75% sr notes due 07/15/21 (callable at 101.938). Biz: a leading global container shipping and logistics company. HQ: Marseille, France.;