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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
TECH
PRCD
IPDEBV
IPD 3 BV€520
1EMEA
Jun 12, 2024
currency
EUR
size (m)
520.000
maturity
Jun 15, 2031
type
Floating
tenor
7.000
call
1.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B2
s&p
B
fitch
B+
size description
-
re-open/tap
No
ipt
E+375-400bp at par
ipt-pxd
-
guidance
E+350bp area (+/- 12.5bp) at par
spread
537.5
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
Registration: 144A/Reg S; Comments: B&D: BNP;
Deal Comments
06/12/2024 IPD 3 BV (Infopro Digital) (IPDEBV) EUR520m 144A/Reg S sr sec FRN due 06/15/31 (7y). NC1, then at 100. B2/B/B+ (stable/stable/stable). Via BNP (B&D)/JPM jt glocos and physical books. No reg rights. List Lux. NY law. Settles 06/19 (T+5). Reg S ISIN: XS2844404710. IPT E+375-400bp at par. Px talk: E+350bp area (+/- 12.5bp) at par. Priced: 3mE+337.5bp at 100. Roadshow 06/10-12 (investor call at 10:30am UKT 06/10). Books closed at 12:30pm UKT 06/12. UOP: refinance its EUR475m E+475bp sr sec FRN due 06/15/28 (callable at 100 on 06/15/24) and cash on the B/S. Equity sponsor: TowerBrook. Biz: a leading B2B information services provider. HQ: Antony, France.

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