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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
CONS
PRCD
ENR
Energizer Gamma Acquisition BV€650
1USOA
Jun 9, 2021
currency
EUR
size (m)
650.000
maturity
Jun 30, 2029
type
Fixed
tenor
8.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
B2
s&p
B+
fitch
-
size description
-
re-open/tap
No
ipt
high 3%
ipt-pxd
-
guidance
3.50-3.75%
spread
338
coupon
3.500%
spread set
-
price
100.00000
yield
3.500%
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: 2024-06-30; Registration: 144A/Reg S;
Deal Comments
06/09/2021 Energizer Gamma Acquisition BV (ENR) EUR650m 144A/Reg S sr notes due 06/30/29 (8y). NC3 (MWC T+50bp), then at 101.750, 100.875, 100. Equity claw: 3y 40% at 103.50. B2/B+ (stable/negative). Via BotA/Citi/JPM/Barc/MUFG jt books, StanChart, TD, Seibert Williams as co-managers. No reg rights. List ISE. NY Law. Settles 06/23 (T+10). Reg S ISIN: XS2353416386. IPTs high 3%. Px talk: 3.50%-3.75%. Priced: 3.50% at 100. +338bp vs DBR 0% 08/15/29. Did investor call at 11:30am UKT 06/09. Books closed at 2:30pm UKT 06/09. UOP: along with cash on hand to redeem its EUR650m 4.625% sr notes due 07/15/26 on 07/09 at MWC B+50bp. Biz: a wholly-owned sub of Energizer Holdings Inc, a manufacturer/marketer of primary batteries and portable lighting products, and a leading designer and marketer of automotive fragrance and appearance products, and other branded consumer products. HQ: St Louis, MO.

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