07/05/2023 Cirsa Finance International Sarl (LHMCFI) EUR700m (up from EUR650m) 144A/Reg S sr sec fixed/floating notes 2-part. B2/B (stable/positive). Via DB (B&D) physical books/Barc/BBVA/CS/Jefferies/UBS jt glocos and jt books. No reg rights. List Lux. NY law. Settles 07/19 (T+10). EUR50m upsize for GCP.
- EUR375m fixed rate notes due 07/31/28 (5y). NC2 (07/19/25) (MWC B+50bp), then at 103.9375, 101.96875, 100. Pays April 30, Oct 31, starting 10/31/23. Px talk: 8.00% area (+/- 0.125%). Final terms: EUR375m at 7.875%. Priced: 7.875% at 100.
- EUR325m FRN due 07/31/28 (5y). NC1 (07/19/24) (MWC B+50bp), then at 101, 100. Pays Jan 31, April 30, July 31, Oct 31, starting 10/31/23. Px talk: E+450-475bp, 98.00 OID. Final terms: EUR325m E+450bp at 98.00. Priced: 3mE+450bp at 98.00.
Roadshow 07/04-05 (investor call at 9:30am UKT 07/04). Books closed at 3pm UKT 07/05. Reconfirms were due by 4:45pm UKT 07/05. UOP: Repay its EUR160m 6.25% sr sec notes due 12/20/23 (callable at 100) and EUR490m sr sec FRN due 09/30/25 (callable at 100) (EUR50m upsize for GCP). Equity sponsor: Blackstone. Biz: Global gaming company with presence in Spain and Italy and a number of countries in Latin America, and leading positions in the operation of casinos & gaming halls, slot route operations and online gaming and betting. HQ: Terrassa, Barcelona, Spain.