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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
MOBLUX
Mobilux Finance SAS€500
1EMEA
Jun 23, 2021
currency
EUR
size (m)
500.000
maturity
Jul 15, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B3
s&p
B
fitch
B
size description
-
re-open/tap
No
ipt
Mid-high 4s
ipt-pxd
-
guidance
4.25-4.50%
spread
470
coupon
4.250%
spread set
-
price
100.00000
yield
4.250%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, BRC, CAG, DEU, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, BRC, CAG, DEU, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2024-07-15; Registration: 144A/Reg S;
Deal Comments
06/23/2021 Mobilux Finance SAS (MOBLUX) EUR500m 144A/Reg S sr sec notes due 07/15/28 (7y). NC3 (MWC B+50bp), then at 102.125, 101.0625, 100. Equity claw: 3y 40% at 104.25. B3/B/B (stable/positive/stable). Via BNP sole gloco and physical books/Barc/BofA/CA/DB/GS/ING/RBC jt books. No reg rights. List Lux. NY Law. Settles 06/29 (T+4). Reg S ISIN: XS2357737910. IPT: mid-high 4s. Px talk: 4.25-4.50%. Priced: 4.25% at 100. +470bp vs DBR 0.50% 02/15/28. Roadshow 06/21-23 (Investor call at 10:30am UKT 06/21). Books closed at 12:30pm UKT 06/23. UOP: Along with EUR203m cash on hand, to refinance its existing $380m 5.50% sr sec 1st lien notes due 11/15/24 (callable at 101.375), fund a EUR300m distribution to shareholders (repay EUR85m shareholder loan and EUR215m dividend). Equity sponsor/owner: CD&R (50%) and WM Holding (XXXLutz Group) (50%). Biz: leading home equipment retailer in France. HQ: Emerainville, France.

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