01/17/2023 Tereos Finance Groupe I SA (TEREOS) EUR350m (up from EUR300m) 144A/Reg S sr notes due 04/15/28 (5.25y). NC2.25 (04/15/25) (MWC B+50bp), then at 103.625, 101.813, 100. Equity claw: 2.25y 40% at 107.25. NR/BB-/BB- (--/stable/stable). Via BNP (B&D)/Natixis jt glocos/Commerz/CIC/ING/Rabo jt books. No reg rights. List ISE. NY law. Settles 01/24 (T+5). Reg S ISIN: XS2532478430. IPT: 7.50% area. EUR50m upsize to repay bank debt. Px talk: 7.25%-7.375%. Priced: 7.25% at 100. +519.9bp vs OBL 2.2% 04/13/28. 1x1s 01/16-17 (investor call at 10:30am UKT 01/16). Books closed at 2:30pm UKT 01/17. UOP: along with cash on hand, to redeem its EUR312.5m 4.125% sr notes due 06/16/23 when callable at par on 03/15/23 ($50m upsize to repay bank debt). Biz: The cooperative agro-industrial group Tereos is a union of more than 12,000 Cooperative Associates and specializes in the processing of sugar beet, sugarcane, cereals, and potatoes. HQ: Mousy-le-Vieux, France.