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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
MOBLUX
Mobilux Finance SAS€250
1EMEA
Apr 30, 2024
currency
EUR
size (m)
250.000
maturity
May 15, 2030
type
Fixed
tenor
6.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B2
s&p
B+
fitch
BB-
size description
-
re-open/tap
No
ipt
low-mid 7s
ipt-pxd
-
guidance
7.00%-7.25%
spread
446
coupon
7.000%
spread set
-
price
100.00000
yield
7.000%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BRC, DEU, GSC, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
BRC, DEU, GSC, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2026-05-15; Registration: 144A/Reg S; Comments: B&D: BNP;
Deal Comments
04/30/2024 Mobilux Finance SAS (MOBLUX) EUR250m 144A/Reg S sr sec notes due 05/15/30 (6y). NC2 (MWC B+50bp), then at 103.50, 101.75, 100. Equity claw: 2y 40% at 107.00. Special call: 10% per year the 1st 2 years at 103. B2/B+/BB- (stable/stable/stable). Via BNP (B&D)/BofA/CA jt glocos and physical books/Barc/DB/GS/ING/RBC jt books. No reg rights. List Lux. NY law. Settles 05/17 (T+12). Reg S ISIN: XS2810278163. IPT: low-mid 7s. Px talk: 7.00%-7.25%. Priced: 7.00% at 100. +446bp vs DBR 0% 02/15/30. Roadshow 04/29-30 (investor call at 11:30am UKT 04/29). Books closed at 2:30pm UKT 04/30. UOP: along with EUR80m cash on hand, to refinance Conforama's EUR238m PGE loan, fund EUR32m minority share buyback. Equity sponsor/owner: CD&R (50%) and WM Holding (Lutz Group) (50%). Biz: leading home equipment retailer in France, operating the BUT and Conforama banners. HQ: Emerainville, France.

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