02/01/2022 Loxam SAS (LOXAM) EUR350m 144A/Reg S sr sec notes due 02/15/27 (5y). NC2 (MWC B+50bp), then at 102.25, 101.125, 100. Equity claw: 2y 45% at 104.50. Special call: 10% per year the 1st 2 years at 103. NR/B+ (--/positive). Via CA (B&D)/BNP/DB jt glocos/Barc/BofA/CM-CIC/JPM/Natixis/SocGen jt books. No reg rights. List Lux. NY law. Settles 02/10 (T+7). Reg S ISIN: XS2401886788. Px talk: 4.625% area. Final terms: EUR350m at 4.50% YTM. Priced: 4.50% at 100. +474bp vs DBR 0.25% 02/15/27. Roadshow 01/31-02/01 (investor call 10:30am UKT 01/31). Books closed at 3:30pm UKT 02/01. UOP: along with EUR207.7m cash on hand, to redeem its EUR300m 3.50% sr sec notes due 04/15/22 (callable at 100) and EUR250m 3.50% sr sec notes due 05/03/23 (callable at 100). Biz: the largest European Equipment-rental group for the construction, industrial, public works, services and events & media sectors. HQ: Paris, France.