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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
VERISR
Verisure Holding AB€500
1EMEA
Sep 28, 2022
currency
EUR
size (m)
500.000
maturity
Oct 15, 2027
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
9.25-9.50%
ipt-pxd
-
guidance
9.25-9.50% (at par)
spread
727
coupon
9.250%
spread set
-
price
100.00000
yield
9.250%
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: 2024-10-15; Registration: 144A/Reg S;
Deal Comments
09/28/20222 Verisure Holding AB (publ) (VERISR) EUR500m 144A/Reg S sr sec notes due 10/15/27 (5y). NC2 (MWC B+50bp), then at 104.625, 102.3125, 100. Equity claw: 2y 40% at 109.25. Special call: 10% per year, the first 2 years at 103. B1/B (stable/stable). Via GS (B&D)/BofA/JPM jt glocos/BNP/DB/MS/Normura/Nordea jt books. No reg rights. List Lux. NY law. Settles 10/12 (T+10, T+9 in the US). Reg S ISIN: XS2541437583. IPT: 9.25%-9.50%. Px talk: 9.25%-9.50% (at par). Priced: 9.25% at 100. +727bp vs 0.0% DBR 11/15/27. Did investor call at 4pm UKT 09/26. Roadshow, including small group meetings 09/27-28. Books closed at 2pm UKT 09/28. UOP: along with EUR5m cash on hand, to redeem its EUR500m 3.50% sr sec notes due 05/15/23 (callable at 100). Equity sponsors: Hellman & Friedman, Eiffel (GIC), Alba. Biz: Leading European provider of professionally monitored alarm systems, primarily for residential and small business customers. HQ: Geneva, Switzerland.

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