Registration: 144A/Reg S; Comments: 12/15/2020 House of HR NV (HOUSEH) EUR200m 144A/Reg S sr sub notes due 01/15/27 (6y). NC2 (MWC B+50bp), then at 103.75, 101.875, 100. Equity claw 2y 35% at 107.50. Caa1/CCC+ (stable/negative). Via JPM sole physical books, KKR lead manager. No reg rights. List ISE. NY law. Settles 12/22 (T+5). Reg S ISIN: BE6325871166. IPT low 8s. Px talk 7.75%-8.00%. Final Px talk 7.50%-7.625%. Priced: 7.50% at 100. +828bp vs DBR 0.25% 02/15/27. Virtual roadshow 12/14-15 (investor call at 1pm UKT 12/15). Books closed at 2:30pm UKT 12/15. UOP: GCP, including acquisitions. Equity sponsor: Naxicap. Biz: offers diversified HR services through three segments - Engineering and Consulting, Specialized Staffing and General Staffing. HQ: Roeselare, Belgium.;