09/16/2021 Leather 2 SpA (Pasubio) (CONCPA) EUR340m 144A/Reg S sr sec FRN due 09/30/28 (7y). NC1 (MWC B+50bp), then at 101, 100. B1B (stable/stable). Via GS (B&D)/BofA jt physical books/CA/IMI jt books. No reg rights. List Lux. NY law. Floats/pays quarterly starting 12/30/21. Settles 09/30 (T+10). Reg S ISIN: XS2389334124. Px talk: 3mE+475-500bp (0% floor) at par. Final px: 3mE+450bp (0% floor) at par. Priced: 3mE+450bp (0% floor) at 100. Roadshow 09/13-16 (investor call at 2pm UKT09/13). Books closed at 1:30pm UKT 09/16 (originally closing at 12pm UKT 09/16). UOP: along with EUR65m cash on hand, to fund the acquisition of Conceria Pasubio SPA by PAI Partners from CVC for EUR530m cash, and repay Paubio's existing EUR127m term loan. PAI will contribute EUR275m in equity and shareholder loan. Biz: manufactures and sells premium leather products used in luxury car interiors. HQ: Arzignana, Italy. (Acquisition announced 06/23/2021).