02/02/2022 SAZKA Group (SAZKAG) EUR600m (up from EUR500m) 144A/Reg S sr sec notes fixed/floater 2-part. NR/BB-/BB- (--/stable/stable). Via DB/GS (B&D) jt glocos/BNP/Erste/HSBC/SocGen/UniCredit jt books, J&T Banka as co-manager. No reg rights. List ISE. NY law. Settles 02/09 (T+5).
- SAZKA Group as EUR200m add-on to its 3.875% fixed rate notes due 02/15/27 (5y). NC1 (02/15/23) (MWC B+50bp), then at 101.9375, 100.9688, 100. Equity claw: 1y 40% at 103.875. Reg S ISIN: XS32113253210 (permanent). 144A fungible starting 02/15/22 (Reg S after 40-days) with the EUR300m issue priced 01/29/20. Px talk: 98.76-99.25. Final terms: EUR200m at 99.00. Priced: 3.875% at 99.00, 4.097% YTM. +432bp vs DBR 0.25% 02/15/27.
- Allwyn Entertainment Financing (UK) plc EUR400m (up from EUR300m minimum size) FRN due 02/15/28 (6y). NC1 (MWC B+50bp), then at 100. Equity claw: 1y 40% at par + the coupon). Reg S ISIN: XS2440790835. Px talk E+425bp area (+/- 12.5bp) at 99.50. Final terms: EUR400m at E+412.5bp at 99.50. Priced: E+412.5bp (0% floor) at 99.50.
Roadshow started 01/28 (Investor call at 11:30am UKT 01/28). Books closed at 2pm UKT 02/02. Reconfirms were due by 4pm UKT 02/02. UOP: refi existing debt (EUR200m Slovak bonds and EUR100m revolver), and GCP, including bolt-on acquisitions and a forthcoming EUR55m scheduled TLA amortization (EUR100m upsize for GCP). Equity sponsor: KKCG (currently 100% ownership). On 01/2122 Allwyn Entertainment Ltd (the new name for the parent company SAZKA Entertainment) announced its it will become a NYSE listed company in partnership with the SPAC Cohn Robbins Holdings Corp (ownership after closing: Allwyn 83%, CRHC public shareholders 11%, PIPE shareholders 5%, CRHC's sponsor 1%). Biz: pan-European lottery and sports betting operator with operations in the Czech Republic, Greece, Cyprus, Austria and Italy. HQ: Prague, Czech Republic.