06/22/2022 LSF XI Magpie Bidco BV (Manuchar) (MANUCH) EUR350m 144A/Reg S sr sec notes due 06/30/27 (5y). NC2 (MWC B+50bp), then at 103.625, 101.8125, 100. B3/B (stable/stable). Via CS sole. List ISE. NY law. Settles 06/27 (T+3). Reg S ISIN: BE6336312788. Px talk: 7.25% coupon at 86.00-87.50 OID, yield 10.50%-11.00%. Priced: 7.25% at 86.00, yield 10.948%. +950bp vs DBR 6.50% 07/04/27. Roadshow (small group meetings) 06/20-21 (investor call 9am UKT 06/20). Books closed at 10:30am UKT 06/22. UOP: fund the LBO of Manuchar by Lone Star from Ackermans & van Haaren and the Maas family for approximately US$809m (management will retain its 20% ownership), repay debt, cash on the B/S. Lone Star and management will contribute $495m in common equity. Biz: leading distributor of dry-bulk chemicals. HQ: Antwerp, Belgium. (Acquisition announced 01/14/2022).