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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
DBGFP
Derichebourg SA€300
1EMEA
Jun 10, 2021
currency
EUR
size (m)
300.000
maturity
Jul 15, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
NR
s&p
BB
fitch
BB
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
2.375-2.625%
spread
274
coupon
2.250%
spread set
-
price
100.00000
yield
2.250%
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: 2024-07-15; Registration: 144A/Reg S;
Deal Comments
06/10/2021 Derichebourg SA (DBGFP) EUR300m 144A/Reg S sr green notes due 07/15/28 (7y). NC3 (MWC B+50bp), then at 101.125, 100.5625, 100. Equity claw: 3y 40% at 102.25. NR/BB/BB (--/stable/positive). Via BNP sole gloco and physical books, CM-CIC, SocGen jt leads, CA as co-manager. No reg rights. List Lux. NY law. SMR at 100% of the issue price. Settles 06/24 (T+10). Reg S ISIN: XS2351382473. Px talk: 2.375%-2.625%. Launched: EUR300m at 2.25%. Priced: 2.25% at 100. +274bp vs DBR 0.5% 02/15/28. Roadshow 06/07-09 (Investor call at 10:30am UKT 06/07). Books closed at 10am UKT 06/10. Reconfirms were due by 10:45am UKT 06/10. UOP: along with $225m in cash, to finance the acquisition of Ecore Holding SAS (the number 2 metal recycler in France) as a pure green eligible project for EUR519m. Biz: a leading global provider of environmental (including metal recycling, number 1 in France) and outsourcing services to businesses and local authorities. HQ: Paris, France.

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