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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
ADRBID
United Group BV€480
1EMEA
Jan 26, 2024
currency
EUR
size (m)
480.000
maturity
Feb 1, 2029
type
Floating
tenor
5.000
call
1.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B2
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
3mE+425bp, 0% floor, at par
spread
425
coupon
-
spread set
-
price
100.00000
yield
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2025-02-01; Registration: 144A/Reg S;
Deal Comments
01/26/2024 United Group BV (ADRBID) EUR480m 144A/Reg S sr sec FRN due 02/01/29 (5y). NC1 (MWC B+50bp), then at 100. B2/B (stable/positive). Via JPM (B&D) sole physical books/BNP/Citi/CA/DB/GS/ING/IMI/ KKR/Mizuho/MS/RBI/UniCredit jt glocos and jt books. No reg rights. List ISE. NY law. Settles 02/05 (T+6). Reg S ISIN: XS2759982650. Px talk: 3mE+425bp, 0% floor, at par. Final terms: 3mE+425bp, 0% floor, at par. Priced: 3mE+425bp, 0% floor, at 100. Books closed at 2pm UKT 01/26. UOP: redeem its EUR480m E+487.5bpsr sec FRN due 02/01/29 (callable at 100). Equity sponsor: BC Partners. Biz: leading telco and media player in Southeastern Europe (Bulgaria, Serbia, Slovenia, Croatia, Bosnia & Herzegovina, Montenegro and Greece). HQ: Amsterdam, Netherlands.

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