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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
UNSEAM
Allied Universal Holdco LLC-
5USOA
May 5, 2021
currency
EUR
size (m)
813.000
maturity
Jun 1, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B2
s&p
B
fitch
BB-
re-open/tap
No
ipt
4% area
ipt-pxd
-
guidance
3.75% area revised; 4% area original
spread
409
coupon
3.625%
spread set
-
price
100.00000
yield
3.625%
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
-
currency
GBP
size (m)
367.700
maturity
Jun 1, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B2
s&p
B
fitch
BB-
re-open/tap
No
ipt
5% area
ipt-pxd
-
guidance
5% area (unchanged)
spread
425.8
coupon
4.875%
spread set
-
price
100.00000
yield
4.875%
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
-
currency
USD
size (m)
1,225.000
maturity
Jun 1, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B2
s&p
B
fitch
BB-
re-open/tap
No
ipt
high 4s-5
ipt-pxd
-
guidance
4.75% area
spread
336.7
coupon
4.625%
spread set
-
price
100.00000
yield
4.625%
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
-
currency
USD
size (m)
775.000
maturity
Jun 1, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
B2
s&p
B
fitch
BB-
re-open/tap
No
ipt
high 4s-5
ipt-pxd
-
guidance
4.75% area
spread
336.7
coupon
4.625%
spread set
-
price
100.00000
yield
4.625%
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
-
currency
USD
size (m)
960.000
maturity
Jun 1, 2029
type
Fixed
tenor
8.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
Caa1
s&p
CCC+
fitch
-
re-open/tap
No
ipt
mid-high 6s
ipt-pxd
-
guidance
6.25%-6.50%
spread
459.2
coupon
6.000%
spread set
-
price
100.00000
yield
6.000%
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: 2024-06-01; Registration: 144A/Reg S; Redemption: 2024-06-01; Registration: 144A/Reg S; Redemption: 2024-06-01; Registration: 144A/Reg S; Redemption: 2024-06-01; Registration: 144A/Reg S; Redemption: 2024-06-01; Registration: 144A/Reg S;
Deal Comments
05/05/20221 Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas LuxCo 4 Sarl (UNSEAM) EUR/GBP/USD 144A/Reg S notes 5-part. Via MS (EUR/GBP B&D)/CS (USD B&D) jt physical books/DB/BNP/HSBC/Mizuho/SocGen/ING/MUFG/TSI jt passive books. NY law. No reg rights. Settles 05/14 (T+7). - Atlas LuxCo 4 Sarl + co-issuers EUR813m sr sec notes due 06/01/28 (7y). NC3 (MWC B+50bp), than at 101.813, 100.906, 100. Equity claw: 3y 40% at 103.625. Special call: 10% per year the first 3 years at 103. B2/B/BB- (stable/stable/stable). List ISE. Reg S ISIN: XS2342057143. IPT: 4% area. Px talk: 4% area. Revised px talk: 3.75% area. Priced: 3.625% at 100. +409.0bp vs DBR 4.75% 07/04/28. - Atlas LuxCo 4 Sarl + co-issuers GBP367.7m sr sec notes due 06/01/28 (7y). NC3 (MWC G+50bp), then at 102.438, 101.219, 100. Equity claw: 3y 40% at 104.875. Special call: 10% per year the first 3 years at 103. B2/B/BB- (stable/stable/stable). List ISE. Reg S ISIN: XS2342058034. IPT: 5% area. Px talk: 5% area (unchanged). Priced: 4.875% at 100. +425.8bp vs UKT 0.125% 01/31/28. - Allied Universal Holdco LLC + co-issuers US$1.225bn (up from US$900m) sr sec notes due 06/01/28 (7y). NC3 (MWC T+50bp), then 102.313, 101.156, 100. Equity claw: 3y 40% at 104.625. Special call: 10% per year the first 3 years at 103. B2/B/BB- (stable/stable/stable). 144A CUSIP: 019579AA9. IPT: high 4s-5. Px talk: 4.75% area. Launched: $1.225bn at 4.625%. Priced: 4.625% at 100. +336.7bp vs 2.875% 05/15/28. - Atlas LuxCo 4 Sarl + co-issuers US$775m sr sec notes due 06/01/28 (7y). NC3 (MWC T+50bp), then at 102.313, 101.156, 100. Equity claw: 3y 40% at 104.625. Special call: 10% per year the first 3 years at 103. B2/B/BB- (stable/stable/stable). 144A CUSIP: 049362AA4. IPT: high 4s-5. Px talk: 4.75% area. Launched: $775m at 4.625%. Priced: 4.625% at 100. +336.7bp vs UST 2.875% 05/15/28. - Allied Universal Holdco LLC + co-issuers US$960m (down from US$1.285bn) sr unsec notes due 06/01/29 (8y). NC3 (MWC T+50bp), then at 103.00, 101.50, 100. Equity claw: 3y 40% at 106.00. Caa1/CCC+/CCC+ (stable/stable/stable). 144A CUSIP: 019576AC1. IPT: mid-high 6s. Px talk: 6.25%-6.50%. Launched: $960m at 6.00%. Priced: 6.00% at 100. +459.2bp vs UST 2.375% 05/15/29. Did investor call at 4pm UKT/10am NYT 04/29 with small group meetings to follow. Books closed: EUR/GBP at 12pm UKT 05/05, US$ books closed at 2pm 05/04. Reconfirms for US$ orders were due by 5pm NYT 05/04. UOP: along with US$599m cash from AU B/S, $1.552bn cash from G4S B/S, $950m 1st lien term loan, EUR716m ($869m equivalent) 1st lien term loan and USD1.07bn new cash equity, to fund the acquisition of G4S for GBP2.45 per share, total equity consideration of US$5.2bn and a total gross purchase price of US$8.3bn (including repaying $3.1bn G4S debt, and $742m cash on the B/S. Equity sponsors: Warburg Pincus, Caisse de depot et placement du Quebec (CDPQ), Partners Group AG and J. Safra Group. Biz: provides private facility security, maintenance, staffing and other business services. HQ: Santa Ana, CA. (Acquisition announced 04/06/2021).

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