Registration: 144A/Reg S; Comments: 10/16/2020 Tereos Finance Groupe I SA (TEREOS) EUR300m 144A/Reg S sr notes due 10/30/25 (5y). NC2 (MWC B+50bp), then at 103.75, 101.875, 100. Equity claw: 3y 40% at 107.50. NR/B+/B+ (--/stable/stable). Via BNPP physical books/Natixis Rabo jt glocos/CIC/Commerz/ING joint books. No reg rights. List Channel Islands. NY Law. Settles 10/23 (T+5). Reg S ISIN: XS2244837162. Px talk: 8.00% area yield (+/- 0.125%) w/OID. Priced: 7.50% at 97.962, yield 8.00%. +883bp vs DBR 1% 08/15/25. Telephonic 1-on-1s 10/13-15 (investor call 10/13 at 10:30am UKT). Books closed at 10am UKT 10/16. UOP: repay upcoming loan maturities (EUR221m drawn on SCA revolver 2021, EUR75 term loan 2022). Biz: The cooperative agro-industrial group Tereos is a union of more than 12,000 Cooperative Associates and specializes in the processing of sugar beet, sugarcane, cereals, and potatoes. HQ: Sainte Benoite, France.;