07/18/2024 Sani/Ikos Financial Holdings 1 Sarl
(SANIIK) EUR350m 144A/Reg S sr sec notes due 07/31/30 (6y). NC2 (MWC B+50bp), then at 103.625,, 101.8125, 100. Equity claw: 2y 40% at 107.25. Special call: 10% per year the first 2 years at 103. Caa2/NR/B- (stable/stable). Via MS (B&D)/DB jt gloco and books, Alpha Bank, Eurobank, Natl Bank of Greece, Piraeus Bank as co-managers. No reg rights. List ISE. NY law. CoC at 101 (based on total LTV ratio). Settles 07/26 (T+6). Reg S ISIN: XS2864440321. IPT: 7.50%-7.75%. Price talk: 7.25%-7.50%. Priced: 7.25% at 100. +494bp vs DBR 0% 08/15/30. Roadshow (small group meetings): 07/16-17 (investor call 11am UKT 07/16). Books close at 12:30pm UKT 07/18. Pricing 07/18 UK afternoon. UOP: redeem its EUR300m 5.625% sr sec notes due 12/15/26 (callable 07/15/24 at 101.406), and EUR40m for GCP. Equity sponsor: GIC. Biz: leading luxury resort owner, developer and operator in the Mediterranean. HQ: Halkidiki, Greece. Global investor call registration link: https://www.netroadshow.com/ev...;confId=68688. Netroadshow deal entry code: Iliad2024 (not case-sensitive).