05/17/22 Elis SA (ELISGP) EUR300m Reg S Bearer sr notes (EMTN) due 05/24/27 (5y). NCL (MWC B+55bp, 3m par call, clean-up call (80%)). Expect Ba2/BB+/(BBB low DBRS) (stable/stable/stable). Via DB (B&D)/Natixis/SocGen jt glocos/CAC/Danske/HSBC jt active books/Postale passive books. Annual pay (Act/Act). French law. List Euronext Paris. Settles 05/24 (T+5). ISIN: FR001400AK26. IPT: 4.875% area. Guidance: 4.375%-4.50% (size set at EUR300m). Final terms: 4.25% yield. Priced: 4.125% at 99.447, yield 4.25%. MS+283.2bp, +352bp vs OBL 0% 04/27 #185. Book size over EUR3.2bn at tight end of guidance, pre rec (was EUR2.4bn (pre-rec) at IPT). Books went subject at 12:30pm UKT 05/17. UOP: refinance its EUR450m 1.875% sr notes due 02/15/23 (MWC B+30bp). Biz: an intl multi-service provider, offering textile, hygiene, and facility services in Europe and Latin America. HQ: Saint-Cloud, France.