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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
FNCL
PRCD
BTWO
B2 Impact ASA (fka B2Holding ASA)€150
1EMEA
Sep 16, 2022
currency
EUR
size (m)
150.000
maturity
Sep 22, 2026
type
Floating
tenor
4.000
call
2.00
registration
Reg S Only
benchmark
-
ranking
Sr. Unsecured
moody's
B1
s&p
B+
fitch
-
size description
-
re-open/tap
No
ipt
3mE+675-700bp (zero floor) at par
ipt-pxd
-
guidance
-
spread
690
coupon
-
spread set
-
price
100.00000
yield
-
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: 2024-09-22; Registration: Reg S Only;
Deal Comments
Nordic market: 09/16/2022 B2Holding ASA (BTWO) EUR150m sr FRN due 09/22/26 (4y). NC2 (MWC B+50bp), then at 103.96 for 1y, 101.98 for 6mos, and 100.25 the last 6mos. B1/B+ (stable/positive). Via DNB (B&D)/Nordea/Pareto jt glocos/Arctic jt books. List Oslo. Norwegian law. Floats/pays quarterly (Act/360). Trade date 09/16. Settles 09/22. ISIN: NO0012704107. IPT: 3mE+675-700bp (zero floor) at par. Final terms: EUR150m 3mE+690bp (zero floor) at par. Priced: 3mE+690bp (zero floor) at 100. Roadshow 09/13-14 (global investor calls 09/13 10am CEST and 3pm CEST, and 1-1 meetings 09/13-14). Books closed at 3pm CEST 09/15. UOP: repay debt, GCP. B2Holding buy-back of B2H03 (ISIN: NO0010809932) at 100.45 (matched settlement) and B2H04 (ISIN: NO0010822646) at 100.70 (matched settlement) conditional upon subscription into the new bond in connection with the transaction. Biz: a European financial services provider, specializing in the investment and workout of non-performing loans primarily from the banking sector, as well as providing third party debt collection services. HQ: Oslo, Norway.

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