10/26/2021 Almaviva SpA (ALMAIN) EUR350m 144A/Reg S sr sec notes due 10/30/26 (5y). NC2 (MWC B+50bp), then at 102.4375, 101.2188, 100. Equity claw: 2y 40% at 104.875. Special call: 10% per year the first 2 years at 103. NR/B+/BB (stable/stable). Via GS (B&D)/BNP jt glocos/Banca Akros/JPM jt books. No reg rights. List Lux. NY law. Settles 11/03 (T+5). Reg S ISIN: XS2403514479. IPT: 5.25% area. Px talk: 5.00% area. Priced: 4.875% at 100. +531bp vs OBL 0.00% 10/09/26. Did investor call at 10am UKT 10/20. Books closed at 1pm UKT 10/26. UOP: redeem its EUR250m 7.25% sr sec notes due 10/15/22 (callable at 100), repay EUR30m drawn on its revolver (and replace it with a new EUR70m revolver), EUR62m cash to the B/S. Biz: leading provider of IT services, customer relationship management (CRM) and advanced analytics management services in Italy and Brazil. HQ: Rome, Italy.