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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
TECH
PRCD
BESINA
BE Semiconductor Industries NV (BESI)€350
1EMEA
Jul 10, 2024
currency
EUR
size (m)
350.000
maturity
Jul 15, 2031
type
Fixed
tenor
7.000
call
0.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
NR
s&p
BB+
fitch
BB+
size description
-
re-open/tap
No
ipt
5.00%-5.125% yield, ms+219-231bp
ipt-pxd
-
guidance
4.50%-4.75% yield, ms+172-197bp, revised from 4.75%-5.00% yield, ms+196-221bp
spread
209
coupon
4.500%
spread set
-
price
100.00000
yield
4.500%
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;
Deal Comments
07/10/2024 BE Semiconductor Industries NV (BESI) (BESINA) EUR350m 144A/Reg S sr notes due 07/15/31 (7y). NCL (MWC B+50bp (6mo par call)). Equity claw: 3y 40% at 104.50. NR/BB+/BB+ (--/stable/stable). Via MS (B&D) sole gloco and physical books. No reg rights. List ISE. NY law. HY-lite covenant package. CoC at 101. Settles 07/17 (T+5). Reg S ISIN: XS2858130771. IPT: 5.00%-5.125% yield, ms+219-231bp. Price talk: 4.75%-5.00% yield, ms+196-221bp. Revised price talk: 4.50%-4.75% yield, ms+172-197bp. Priced: 4.50% at 100. +209bp vs DBR 0% 08/5/32. Roadshow 07/08-09 (investor call at 12pm UKT 07/08). Books closed at 2:45pm (from noon) UKT 07/10. UOP: GCP, including potential acquisitions. Biz: a leading manufacturer of assembly equipment for the semiconductor industry. HQ: Duiven, the Netherlands. NetRoadshow investor call link: https://www.netroadshow.com/ev...;confId=68287 (or deal entry code: Barcleona2024).

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