01/26/2024 Kapla Holdings SAS (Kiloutou) (KILOTO) EUR650m (including EUR188.143m via exchanged amounts; from minimum EUR250m size) 144A/Reg S sr sec FRN due 07/31/30 (6.5y). NC1 (02/05/25) (MWC B+50bp), then at 100. B1/B+ (stable/stable). Via CA/JPM (B&D) jt glocos/BNP/Natixis/SocGen jt books. No reg rights. List Lux. NY law. Quarterly pay starts 03/31/24. Settles 02/05 (T+6). Reg S ISIN: XS2756269960. IPT: 3mE+400bp (0% floor) at 99.50-par. Px talk: 3mE+350-375bp (0% floor) at par (WPIR). Final price: 3mE+350bp (0% floor) at par. Priced: 3mE+350bp (0% floor) at 100. Upsize UOP to refinance non-exchanged 2026 FRN. Virtual roadshow 01/22-23 (investor call at 1pm UKT 01/19) (Netroadshow: Kenya2024). Books closed at 4pm UKT 01/25 (concurrent with the expiry of the exchange/tender offer). Reconfirms were due by 10am UKT 01/26. UOP: refinance its EUR200m E+550bp sr sec FRN due 07/15/27 via a tender offer at 101 (then callable 02/01/24 at 100), CA/JPM dealer managers, and EUR45m to pay down revolver. There is also a concurrent par-for-par exchange offer into the new sr sec FRN due 2030 for existing holdings of EUR400m E+325bp sr sec FRN due 12/15/26 with upfront cash payments to exchanging holders in lieu of any applicable OID on the new sr sec notes due 2030 (CA/JPM dealer managers), amounts not exchanged will be called at 100. The EUR188.143m accepted for exchange increased the size of the new sr sec FRN due 2030, and are immediately fungible at settlement. Equity sponsors: HLD/Dentressangle. Biz: leading European B2B and B2C equipment rental provider. HQ: Villeneuve-d’Ascq, Lille, France.