04/25/2023 Loxam SAS (LOXAM) EUR300m (to be increased by amounts accepted into a fungible, voluntary exchange of the 2025 notes) Reg S only sr sec notes due 05/15/28 (5y). NC2 (MWC B+50bp), then at 103.188, 101.594, 100. Equity claw: 2y 45% at 106.375. Special call: 10% per year the first 2 years at 103. NR/BB- (--/stable). Via JPM (B&D)/BNP/DB jt glocos/Barc/BofA/CIC/CA/Natixis/SocGen jt books. No reg rights. List Lux. NY law. Settles 05/05 (T+7). ISIN: XS2618428077. IPT: 6.50%-6.75%. Px talk: 6.50% area. Final terms: EUR300m at 6.375%. Priced: 6.375% at 100. +398bp vs OBL 2.20% 04/13/28. Roadshow 04/24-25 (investor call at 11am UKT 04/24). Books closed at 2pm UKT 04/25. UOP: repay its EUR300m 4.25% sr sec notes due 04/15/24 (at 100). Concurrent exchange offer for its EUR700m 3.25% sr sec notes due 01/14/25 (exchange price 98.50) and EUR120m 6.00% sr sub notes due 2025 (exchange price 98.00), to partially exchange into the new notes. Post-settlement, exchange notes to be immediately fungible with new issue. Biz: the largest European Equipment-rental group for the construction, industrial, public works, services and events & media sectors. HQ: Paris, France.