07/15/2021 Sani/Ikos Financial Holdings 1 SARL
(SANIIK) EUR300m 144A/Reg S sr sec notes due 12/15/26 (5.5y). NC2 (MWC B+50bp), then at 102.8125, 101.40625, 100. Equity claw: 2y 40% at 105.625. Special call: 10% per years the first 2 years at 103. Caa1/NR/B- (stable/--/stable). Via MS (B&D) gloco/JPM jt books, Alpha Bank, Eurobank, NBG, Piraeus Bank. No reg rights. List ISE. NY law. Settles 07/22 (T+5). Reg S ISIN: XS2236107856. Px talk: 5.75% area (+/- 0.125%). Priced: 5.625% at 100. +626bp vs DBR 0.25% 02/15/27. Roadshow 07/12-15 (investor call at 2:30pm UKT 07/12). Books closed at 1pm UKT 07/15. UOP: repay EUR80m of its asset level priority debt facilities (EUR60m partial repayment of the Starwood Facility and EUR20m full repayment and cancelation of its Finco Facility), and EUR214m cash on the B/S to prefund development capex and increase liquidity. Equity sponsors: Oaktree, GS AIMS, Hermes, Florac Investissements, Moonstone. Biz: leading luxury resort owner, developer and operator in the Mediterranean. HQ: Halkidiki, Greece.