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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
TENDAM
Tendam Brands SAU€300
1EMEA
Oct 5, 2022
currency
EUR
size (m)
300.000
maturity
Mar 31, 2028
type
Floating
tenor
5.500
call
1.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B1
s&p
B+
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
E+750-775bp at 93
spread
750
coupon
-
spread set
-
price
93.00000
yield
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BBV, BNP, CAG, CAI, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BBV, BNP, CAG, CAI, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2023-10-31; Registration: 144A/Reg S;
Deal Comments
10/05/2022 Tendam Brands SAU (TENDAM) EUR300m 144A/Reg S sr sec FRN due 03/31/28 (5.5y). NC1 (101, par). B2/B+ (stable/stable). Via DB (B&D)/SocGen/BNP/CA/ICO/Caixa/BBVA/IMI/Sabadell jt books. No reg rights. Floats/pays quarterly: Jan31, April 30, July 31, Oct 31, starting 01/31/23. List Lux. NY law. Settles 10/13 (T+6). Reg S ISIN: 253746238. Px talk: E+750-775bp at 93. Priced: 3mE+750bp at 93. Roadshow (1x1s) 10/04-05 (investor call at 10am 10/04). Books closed at 3pm UKT 10/05. FTT: 7:30am UKT 10/06. UOP: along with a EUR131m sr sec term loan and EUR130m cash on hand, to redeem its EUR215m 5% sr sec notes due 09/5/24 (at 100) and EUR325m sr sec FRN due 09/15/24 (at 100). Biz: Leading European multi-brand, omnichannel, and fast-growing digital fashion group. HQ: Madrid, Spain.

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