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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
CONS
PRCD
COFP
Casino Guichard Perrachon SA€525
1EMEA
Mar 30, 2021
currency
EUR
size (m)
525.000
maturity
Apr 15, 2027
type
Fixed
tenor
6.000
call
2.00
registration
Reg S Only
benchmark
-
ranking
-
moody's
Caa1
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
5.50% area
ipt-pxd
-
guidance
5.375% area
spread
583
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
joint leads
BNP, CAG, CSG, CTI, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BNP, CAG, CSG, CTI, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2023-04-15; Registration: Reg S Only;
Deal Comments
03/30/2021 Casino Guichard-Perrachon SA (COFP) EUR525m (up from EUR425m) Reg S sr notes due April 15, 2027 (6y). NC2 (MWC B+50bp), then at 102.625, 101. 313, 100. Equity claw: 2y 40% at 105.25. Caa1/B (stable/negative). Via BNP (B&D)/JPM jt glocos and pysical books/CA/HSBC jt glocos/Citi/CS/GS/Natixis/Santander jt books. List Lux. NY Law. Settles 04/13 (T+8). ISIN: XS2328426445. IPT: 5.50% area. Px guidance: 5.375% area (+/- 0.125%). Final px/upsize: EUR525m 5.25% at par. Priced: 5.25% at 100. +583bp vs Bund 0.25% 02/15/27. Did investor call at 11am UKT yesterday and virtual meetings 03/29-30 (term loan launched 03/22). Books closed at 1pm 03/30. Reconfirms were dues by 2:30pm UKT 03/30. UOP: along with EUR800m sr sec term loan B (rated B2/B) due Aug 2025 via CS/GS+, to fully redeem its existing EUR1.225bn term loan B due Jan 2024 (EUR100m upsize for future debt refinancing). Biz: operates hypermarkets, supermarkets and convenience stores in Europe and Latin America. HQ: Saint-Etienne, France.

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