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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
PINEFI
Pinewood Finco PLC£200
1EMEA
Jan 18, 2021
currency
GBP
size (m)
200.000
maturity
Sep 30, 2025
type
Fixed
tenor
4.750
call
0.75
registration
144A/Reg S
benchmark
G
ranking
Sr. Secured
moody's
NR
s&p
BB
fitch
BBB
size description
-
re-open/tap
No
ipt
101.75-102.00
ipt-pxd
-
guidance
102.00-102.25 revised, 101.75-102.00 original
spread
279
coupon
3.250%
spread set
-
price
102.25000
yield
2.735%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2021-09-30; Registration: 144A/Reg S;
Deal Comments
Split-rated: 01/18/2021 Pinewoood Finco Plc (PINEFI) GBP200m (up from GBP150m) 144A/Reg S add-on to its 3.25% sr sec notes due 09/30/25 (4.75y). NC0.75 (09/30/2021), then at 101.625, 100.8125, 100. NR/BB/BBB (stable/stable). Via CS gloco (B&D)/Barc/GS/Natwest joint books. List ISE. NY Law. Settles 01/25 (T+5). ISIN (temporary): XS2289855970, then XS2052466815. The original GBP550m issue price 09/11/10. Px talk: 101.75-102.00. Revised px talk: 102.00-102.25. Priced: 3.25% at 102.25, yield 2.735%. +279bp vs UKT 2% 09/07/25. Did investor call at 10:30am UKT 01/18. Books closed at 4pm UKT (moved from 2:30pm UKT) 04/18. UOP: expansion projects, GCP. Biz: a sub of Pinewood Group, a leading provider of infrastructure for the production of film and TV content. HQ: Iver Heath, UK.
Use of Proceeds
General corporate purposes

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