Log In
No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
CCK
Crown European Holdings SA€500
1EMEA
May 9, 2023
currency
EUR
size (m)
500.000
maturity
May 15, 2028
type
Fixed
tenor
5.000
call
0.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Ba1
s&p
BB+
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
5.00-5.125% revised; 5.25% (+/- 12.5bp) original
spread
273.9
coupon
5.000%
spread set
-
price
100.00000
yield
5.000%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, CAG, CTI, MIZ, ...
passive leads
-
co-managers
HUN, ING, MUF, PNC, ...
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BAM, CAG, CTI, MIZ, ...
passive leads
-
co-managers
HUN, ING, MUF, PNC, ...
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S;
Deal Comments
05/09/2023 Crown European Holdings SA (CCK) EUR500m (up from EUR400m) 144A/Reg S sr notes due 05/15/28 (5y). NCL (MWC B+50bp) (1mo par call). Ba1/BB+ (stable/stable). Via BNP (B&D)/DB/UniCredit jt active books/BofA/Citi/CA/Mizuho/Santander/Scotia/SMBC Nikko/TD/WFS jt passive books, Huntington, ING, MUFG, PNC, Rabo as co-managers. No reg rights. List Lux. NY law. Settles 05/18 (T+7). Reg S ISIN: XS2623222978. Px talk: 5.25% (+/- 12.5bp). Revised px talk: 5.00%-5.125% WPIR. Priced: 5.00% at 100. +273.9bp vs OBL 2.20% 04/13/28. Did investor call at 10am UKT 05/09. Books closed at 2pm UKT 05/09. Reconfirms were due by 3pm UKT 05/09. UOP: temporarily pay down revolver. Biz: worldwide leader in the design, manufacture and sale of packaging products for consumer goods and industrial products. HQ: Paris, France.

Commentary

Explore all other Commentary & Deal Flow

Deal Flow

Explore all other Commentary & Deal Flow