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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
TECH
PRCD
IPDEBV
IPD 3 BV€90
1EMEA
Jul 16, 2024
currency
EUR
size (m)
90.000
maturity
Jun 15, 2028
type
Fixed
tenor
4.000
call
1.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B2
s&p
B
fitch
B+
size description
-
re-open/tap
Yes
ipt
-
ipt-pxd
-
guidance
104.75 area, revised from 104.00-104.50
spread
411
coupon
8.000%
spread set
-
price
104.87500
yield
6.563%
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: 2025-06-15; Registration: 144A/Reg S;
Deal Comments
07/16/2024 IPD 3 BV (Infopro Digital) (IPDEBV) EUR90m add-on to its 8.00% 144A/Reg S sr sec notes due 06/15/28 (4y). NC1 (06/15/25) (MWC B+50bp) then at 104.00, 102.00, 100. Equity claw: 1y 40% at par 108. Special call: 10% per year the first year at 103. B2/B/B+ (stable/stable/stable). Via BNP sole physical books. No reg rights. List Lux. NY law. Semi pay. Settles 07/19 (T+3). Temporary Reg S ISIN: XS2861549561 (permanent Reg S ISIN: XS2631198863). Immediately 144A fungible (Reg S after 40 days) with the EUR500m issuer priced 06/08/23. Price talk: 104.00-104.50. Final price talk: 104.75 area (+/- 0.125). Priced: 8.00% add-on at 104.875, 6.563% YTM. +411bp vs OBL 2.20% 04/13/28. Did Investor call at 10:30am UKT 07/16. Books closed at 2pm UKT 07/16. Re-confirms were due by 2:45pm 07/16. UOP: along with EUR4m cash on hand, to finance the acquisition of 1LoD and UKREiif for EUR92m. Equity sponsor: TowerBrook. Biz: a leading B2B information services provider. HQ: Antony, France; Schiphol, The Netherlands. Dealroadshow: https://dealroadshow.com/e/INF.... Access code: INFOJUL2024. Global investor call registration link: https://evercall.co/oacc/72482

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