01/24/2023 Kapla Holdings SAS (Kiloutou) (KILOTO) EUR200m (up from EUR150m) 144A/Reg S sr sec FRN due 07/15/27 (4.5y). NC1 (02/15/24) (MWC B+50bp), then at 101, 100. B2/B+ (positive/stable). Via CA (B&D)/Natixis jt glocos/BNP/SocGen jt books. No reg rights. List Lux. NY law. Quarterly pay starts 04/15/23. Settles 02/01 (T+6). Reg S ISIN: XS2463546007. IPT: 95 area OID, coupon 3mE+550bp (0% floor). Final terms: EUR200m at 96 OID, coupon 3mE+550bp (0% floor). Priced: 3mE+550bp (0% floor) at 96.00. Virtual roadshow 01/23-24 (investor call at 10:30am UKT 01/23) (Netroadshow: Rental23). Books closed at 3:30pm UKT 01/24. UOP: refinancing the EUR150m bridge loan incurred to fund the EUR190m acquisition of GSV, an equipment rental company in Denmark, from Catacap, which closed in April 2022. Equity sponsors: HLD/Dentressangle. Biz: third largest European equipment rental group. HQ: Villeneuve-d’Ascq, Lille, France. (Acquisition announced 03/22/2022).