03/26/2024 VMED O2 UK Financing I plc (Virgin Media O2)
(VMED) EUR600m (up from EUR500m and from benchmark size) 144A/ Reg S sr sec green notes due 04/15/32 (8y). NC3 (MWC B+50bp), then at 102.813, 101.406, 100. Equity claw: 2y 40% 105.625. Special call: 10% per year the first 3 years at 103. Ba3/B+/BB+. Via Citi (B&D)/BofA/BNP jt physical books/Sabadell/BBVA/Caixa/IMI/ING/Lloyds/Mediobanca/Natixis/Natwest/Scotia/StanChart jt books. No reg rights. List ISE. New York law. Settles 04/03 IT+6). Reg S ISIN XS2796600307. IPT: 5.75% area. Px talk: 5.50%-5.75%. Final terms: EUR600m at 5.625% coupon. Priced: 5.625% at 100. +335bp vs DBR 0.0% 2032. Did investor call at 10:30am UKT 03/25. Books closed at 10am UKT 03/26. Recommits were due by 11:30am UKT 03/26. UOP: repay sr sec debt. Owners: Liberty Global 50% and Telfonica 50%. Biz: provides mobile, broadband and pay-TV services in the UK. HQ: London, UK.