Log In
No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
GCLIM
Guala Closures SpA€150
1EMEA
Jun 4, 2024
currency
EUR
size (m)
150.000
maturity
Jun 29, 2029
type
Floating
tenor
5.000
call
0.40
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B1
s&p
B
fitch
-
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-
guidance
100.00-100.50
spread
400
coupon
-
spread set
-
price
100.50000
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: 2024-10-13; Registration: 144A/Reg S;
Deal Comments
06/04/2024 Guala Closures SpA (GCLIM) EUR150m 144A/Reg S add-on to its sr sec FRN due 06/29/29 (5y). NC4.5mo (10/13/24) (MWC B+50bp), then at 100. B2/B (stable/stable). Via DB (B&D) physical books/UniCredit/IMI/Santander jt glocos/BofA/GS/GS/UBS jt books. No reg rights. List Lux. NY law. Settles 06/20 (T+11 U.S.). Existing Reg S ISIN: XS2702257051. Fully 144A fungible (Reg S after 40 days) with the EUR350m issue priced 10/04/23. Floats/pays quarterly 3mE+400bp (0% floor). Price talk: 100.00-100.50. Priced: 3mE+400bp add-on at 100.50. Did investor calls 06/03 (investor call at 12:30pm UKT 06/03). Books closed at 12pm UKT 06/04. UOP: fund the acquisition of Astir Group for EUR110m in cash, repay EUR16 Astir Grop debt, EUR16m GCP. Equity sponsor: Investindustrial. Biz: maker of high-value added closures, mainly focused on the spirits and wine end-markets. HQ: Alessandria, Italy.

Commentary

Explore all other Commentary & Deal Flow

Deal Flow

Explore all other Commentary & Deal Flow