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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
FNCL
PRCD
JERRGB
Jerrold Finco PLC£500
1EMEA
Jan 14, 2021
currency
GBP
size (m)
500.000
maturity
Jan 15, 2027
type
Fixed
tenor
6.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
NR
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
5.50%-5.75%
ipt-pxd
-
guidance
5.25%-5.50%
spread
515
coupon
5.250%
spread set
-
price
100.00000
yield
5.250%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BRC, 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
BRC, CSG, CTI, GSC, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S; Comments: 01/14/2021 Jerrold Finco Plc (Together Financial Services Ltd) (JERRGB) GBP500m (up from GBP450m) 144A/Reg S sr sec 1st lien notes due 01/15/27 (6y). NC2 (MWC G+50bp), then at 102.625, 101.313, 100. Equity claw: 2y 40% at 105.25. NR/BB-/BB- (--/negative/negative). Via Citi (B&D)/GS joint glocos/Barc/CS/HSBC/JPM joint books. No reg rights. List Dublin. NY law. Settles 01/25 (T+7). Reg S ISIN: XS2287892751. IPT: 5.50%-5.75%. Px talk: 5.25%-5.50%. Priced: 5.25% at 100. +515bp vs Gilts 1.25% 07/22/27. Telephonic roadshow 01/13-14 (investor call at 11:30am 01/13). Books closed at 5:45pm UKT 01/14 (originally closing at 4pm UKT). UOP: redeem its GBP350m 6.125% sr sec 1st lien notes due 01/15/24 (callable at 101.531), and pay down its CABS Securitization by GBP90m (GBP50m upsize UOP: GCP). Biz: specialist mortgage and secured loan provider in the UK. HQ: Cheadle, Cheshire, UK.;

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