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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
CONS
PRCD
COFP
Casino Guichard Perrachon SA€400
1EMEA
Dec 16, 2020
currency
EUR
size (m)
400.000
maturity
Jan 26, 2026
type
Fixed
tenor
5.000
call
2.00
registration
Reg S Only
benchmark
-
ranking
-
moody's
Caa1
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
mid 7s
ipt-pxd
-
guidance
Revised 6.75%-7.00%; revised 7.00% area; original 7.25% area
spread
793
coupon
6.625%
spread set
-
price
100.00000
yield
6.625%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, CAG, CTI, GSC, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, CAG, CTI, GSC, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: Reg S Only; Comments: 12/16/2020 Casino Guichard-Perrachon SA (COFP) EUR400m (up from EUR300m) Reg S sr notes due Jan 15, 2026 (5y). NC 2 (MWC B+50bp), then at 103.3125, 101.6563, 100. Equity claw: 2y 40% at 106.625. Caa1/B (stable/negative). Via BNPP/JPM (B&D) joint physical books/CA/HSBC joint glocos/BofA/Citi/GS/Natixis/SocGen joint books. List Lux. NY law. Settles 12/22 (T+4). Reg S ISIN: XS2276596538. IPT: mid 7%. Price talk: 7.25% area. Revised price talk: 7.00% area. Further revised px talk 6.75%-7.00%. Launched: EUR400m at 6.625%. Priced: 6.625% at 100. +793bp vs DBR 1% 08/15/25. Roadshow (1x1 calls) 12/14-15 (investor call at 10:30am UKT 12/14). Books closed at 10:30am UKT 12/16. Reconfirmed orders were due by 2pm UKT 12/16. UOP: along with EUR200m add-on to its term loan B, the EUR648m proceeds from the EUR735m sale of Leader Price sale of stores and other assets, and EUR87m in cash available in the segregated account dedicated to debt repayment, to fund the tender offer for up to EUR1.3bn (up from EUR1.2bn) of near and medium term EMTNs (2021 to 2025). Biz: operates hypermarkets, supermarkets and convenience stores in Europe and Latin America. HQ: Saint-Etienne, France.;

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