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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
CONS
PRCD
ONTEX
Ontex Group NV€580
1EMEA
Jun 29, 2021
currency
EUR
size (m)
580.000
maturity
Jul 15, 2026
type
Fixed
tenor
5.000
call
2.00
registration
Reg S Only
benchmark
-
ranking
Sr. Unsecured
moody's
B1
s&p
BB-
fitch
-
size description
-
re-open/tap
No
ipt
high 3s
ipt-pxd
-
guidance
3.50-3.75%
spread
407
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: 2023-07-15; Registration: Reg S Only;
Deal Comments
06/29/2021 Ontex Group NV (ONTEX) EUR580m Reg S sr notes due 07/15/26 (5y). NC2 (MWC B+50bp), then at 101.750 100.875, 100. Equity claw: 2y 40% at 103.50. B1/BB- (stable/negative)). Via BNP/BoA/GS (B&D) jt glocos and physical books/CA/HSBC/ING jt books, KBC, SocGen passive books. List Lux. NY law. Settles 07/07. ISIN: BE6329443962. IPT: high 3s. Px talk: 3.50%-3.75%. Priced: 3.50% at 100. +407bp vs OBL 0% 04/10/26. Did investor call at 10:30am UKT 06/28. Also did roadshow 06/22-24. Books closed at 11am UKT 06/29. UOP: along with a new EUR220m term loan to repay in full its existing EUR150m Bilateral facility, EUR30m revolver and EUR600m term loan. Biz: a leading provider of personal hygiene products worldwide. HQ: Aalst-Erembodegem, Belgium.

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