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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
LOXAM
Loxam SAS€600
1EMEA
Dec 6, 2023
currency
EUR
size (m)
600.000
maturity
May 31, 2029
type
Fixed
tenor
5.500
call
2.00
registration
144A/Reg S
benchmark
DBR
ranking
Sr. Secured
moody's
NR
s&p
BB-
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
6.50% area
spread
428
coupon
6.375%
spread set
-
price
100.00000
yield
6.375%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BAM, BNP, CAG, DEU, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BAM, BNP, CAG, DEU, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2025-12-15; Registration: 144A/Reg S;
Deal Comments
12/06/2023 Loxam SAS (LOXAM) EUR600m 144A/Reg S sr sec notes due 05/31/29 (5.5y). NC2 (MWC B+50bp), then at 103.188, 101.594, 100. Equity claw: 2y 40% at 106.375. NR/BB- (--/stable). Via DB (B&D)/BofA/BNP/CA/JPM/Natixis jt books. No reg rights. List Lux. NY law. Pays June 15 and Dec 15, starting 06/15/24. Settle 12/20 (T+10). Reg S ISIN: XS2732357525. Px talk: 6.50% area. Priced: 6.375% at 100. Roadshow 12/05-06 (investor call at 9am UKT 12/05). Books closed at 2pm UKT 12/06. UOP: redeem its EUR598.449m 3.25% sr sec notes due 01/14/25 (callable at 100). Biz: the largest European Equipment-rental group for the construction, industrial, public works, services and events & media sectors. HQ: Paris, France.

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