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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
AUTODI
Parts Europe SA€280
1EMEA
Oct 20, 2020
currency
EUR
size (m)
280.000
maturity
Jan 15, 2022
type
Fixed
tenor
4.670
call
1.25
registration
144A/Reg S
benchmark
-
ranking
-
moody's
Caa1
s&p
B-
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
100.50-101.00
spread
708
coupon
6.500%
spread set
-
price
101.00000
yield
6.249%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BNP, CSG, CTI, GSC, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BNP, CSG, CTI, GSC, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S; Comments: 10/20/2020 Parts Europe SA (formerly Autodis SA) (AUTODI) EUR280m 144A/Reg S add-on to its 6.50% sr sec 1st lien notes due 07/16/25 (4.67y). NC1.25 (01/15/22) (MWC B+50bp), then at 103.25, 101.625, 100. Equity claw: 1.25y 40% at 106.50. Special call: 10% per year at 103 the first 1.25 years. Caa1/B- (positive/negative). Via BNPP (B&D)/SocGen jgcs/Citi/CS/GS/JPM joint books. No reg rights. List ISE. NY law. 100x1. Settles 10/29 (T+7). Reg S ISIN: XS2205088896. Immediately fungible upon settlement with the EUR300m issue priced 07/08/19. Px talk: 100.50-101.00. Priced: 6.50% at 101.00, 6.249% YTM. +708bp vs DBR 1% 08/15/25. Did investor call at 12:30pm UKT 10/19, 1-on-1s 10/19-20. Books closed at 2pm UKT 10/20. UOP: fully redeem its remaining EUR138m E+550bp sr sec FRN due 05/01/22 at 100, and partially redeem EUR139m of its EUR443m E+437.5bp sr sec notes due 05/01/22 at 100. Equity sponsor: Bain Capital. Biz: Omni-channel distributor of light vehicle and truck spare parts and truck repair serving the automotive independent after market in Western Europe, mainly active in France, Benelux, Italy and Spain. HQ: Arcueil, France.;

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