04/03/2024 TIM SpA (Telecom Italia) (TITIM) EUR400m add-on to its 6.875% Reg S bearer sr notes due 02/15/28 (5y). NCL (MWC B+50bp) (3mo par call). Equity claw: 40% at 106.875 at any time. Expect B1/B+/BB- (negative/negative/negative). Via GS sole. List Lux. English law. Settles 04/12 (T+5). Will become fungible after 40 days with the original EUR850m issue priced 01/20/2023 ISIN: XS2581393134. Guidance: 100.00-100.50. Revised guidance: 100.50-100.75. Priced: 6.875% add-on at 100.75, yield 6.69%. Did investor call at 10:30am UKT 04/03. Books closed at 3:30pm UKT 04/03. UOP: Cash to balance sheet (intended to refinance short-term debt). Biz: Leading information and communications technology (ICT) provider in Italy and Brazil. HQ: Milan, Italy.