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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
GAMENT
Lottomatica SpA€350
1EMEA
Sep 15, 2022
currency
EUR
size (m)
350.000
maturity
Sep 30, 2030
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B1
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
10% area
ipt-pxd
-
guidance
9.75%-10.00%
spread
811
coupon
9.750%
spread set
-
price
100.00000
yield
9.750%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2024-09-30; Registration: 144A/Reg S;
Deal Comments
09/15/2022 Lottomatica SpA (GAMMAB) EUR350m 144A/Reg S sr sec notes due 09/30/27 (5y). NC2, then at 104.875, 102.438, 100. B1/B (stable/stable). Via Barc (B&D)/DB jt glocos/CS/GS/JPM/UniCredit jt books. No reg rights. List Lux. NY law. Settles 09/27. 144A ISIN: XS2536848448. IPT 10% area. Px talk: 9.75%-10.00%. Final terms: 9.75% coupon at par. Priced: 9.75% at 100. +811bp vs OBL 1.30% 10/15/27. Did investor call at 4pm UKT 09/13 (1x1s 09/13-14). Books closed at 12:30pm UKT 09/15(books 3x covered). UOP: potential strategic investments or acquisitions, and GCP. Biz: leading gaming operator in Italy across all verticals. HQ: Rome, Italy.

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