Registration: 144A/Reg S; Comments: 11/19/2020 IPD 3 BV (Infopro Digital SAS) (IPDEBV) EUR700m (up from EUR685m) 144A/Reg S sr sec notes fixed/floating 2-part. B3/B-/B+ (stable/stable/negative). Via JPM/BNPP jt glocos/BofA/DB/Soc Gen jt books. No reg rights. List Lux.Settles 11/25 (T+4).
- EUR500m (up from EUR485m) fixed rate notes due 12/01/25 (5y). NC2 (MWC B+50bp), then at 102.75, 101.375, 100. Equity claw: 2y 40% at 105.50. Semi pay June 01, Dec 01, starting 06/01/21. Reg S ISIN: XS2262838381. IPT: low 6s. Px talk: 5.75%-6.00%. Final px talk: 5.50%-5.625%. Final terms: 5.50%. Priced: 5.50% at 100. +625bp vs OBL 0% 10/10/25.
- EUR200m FRN due 12/01/25 (5y). NC1 (MWC B+50bp), then at 101, 100. Qrtly pay, March 01, June 01, Sept 01, Dec 01, starting 03/01/21. Reg S ISIN: XS2262839603. IPT: low 6s yield (margin + OID). Px talk: E+575bp area at 98.50, 0% floor. Final px talk: E+550-562.5bp at 98.50. Final terms: E+550bp at 98.50. Priced: E+550bp at 98.50.
Did investor call at 11am UKT 11/16. 1x1 meetings through 11/18. Books closed at 10am UKT 11/19. Reconfirms were due by noon UKT 11/19. UOP: refinance existing debt. Biz: Leading European B2B media and business information services provider. HQ: Antony, France.;
Registration: 144A/Reg S; Comments: 11/19/2020 IPD 3 BV (Infopro Digital SAS) (IPDEBV) EUR700m (up from EUR685m) 144A/Reg S sr sec notes fixed/floating 2-part. B3/B-/B+ (stable/stable/negative). Via JPM/BNPP jt glocos/BofA/DB/Soc Gen jt books. No reg rights. List Lux.Settles 11/25 (T+4).
- EUR500m (up from EUR485m) fixed rate notes due 12/01/25 (5y). NC2 (MWC B+50bp), then at 102.75, 101.375, 100. Equity claw: 2y 40% at 105.50. Semi pay June 01, Dec 01, starting 06/01/21. Reg S ISIN: XS2262838381. IPT: low 6s. Px talk: 5.75%-6.00%. Final px talk: 5.50%-5.625%. Final terms: 5.50%. Priced: 5.50% at 100. +625bp vs OBL 0% 10/10/25.
- EUR200m FRN due 12/01/25 (5y). NC1 (MWC B+50bp), then at 101, 100. Qrtly pay, March 01, June 01, Sept 01, Dec 01, starting 03/01/21. Reg S ISIN: XS2262839603. IPT: low 6s yield (margin + OID). Px talk: E+575bp area at 98.50, 0% floor. Final px talk: E+550-562.5bp at 98.50. Final terms: E+550bp at 98.50. Priced: E+550bp at 98.50.
Did investor call at 11am UKT 11/16. 1x1 meetings through 11/18. Books closed at 10am UKT 11/19. Reconfirms were due by noon UKT 11/19. UOP: refinance existing debt. Biz: Leading European B2B media and business information services provider. HQ: Antony, France.;