07/15/2024 ITM Enterprises (Les Mousqetaires)
(ITMENT) EUR300m (from EUR300m expected size) Reg S bearer sr notes due 07/22/29 (5y). NCL (MWC B+50bp) (3m par call) (80% clean-up call). CoC 101. Not rated. Via CA (B&D)/SocGen jt glocos/BNP/CIC/Natixis jt active books/La Banque Postale/HSBC/ING jt passive books. List Lux. French law. Annual pay (Act/Act), stats 07/22/25. Settles 07/22 (T+5). ISIN: FR001400RIT6. IPT 6.125% area, ms+335bp. Guidance: 5.875% area +/- 12.5bp (WPIR). Final terms: EUR300m 5.75% yield. Priced: 5.75% at 100. +330.8bp vs OBL 2.10% 04/12/29. ms+299.1bp. Books went subject at 12:45pm UKT 07/15. Final books in excess of EUR730m. UOP: GCP and/or to refinance in part the bridge facility provided in connection with the acquisition of Casino's stores. Biz: Frances largest supermarket group. HQ: Bondoufle, France.