Redemption: 2026-10-15; Registration: Reg S Only; Comments: B&D: SNT;
Deal Comments
MLP Group SA (MLGPW) EUR300m Reg S only green sr notes due 10/15/29 (5y). NC2 (10/15/26) (MWC B+50bp), then at 103.063, 101.531, 100. Equity claw: 2y 40% at 106.125. Ba2/NR/BB+ (stable/--/stable). Via Citi/Santander (B&D) jt glocos and books. List Lux. NY law. CoC at 101. Settles 10/09 (+5). Reg S ISIN: ZS3914001750. IPT: 6.75%-7.00%. Price talk: 6.50% area. Final price talk: 6.25% area (+/- 12.5bp).
Priced: 6.125% at 100. +420bp vs obl 2.50% 10/11/29.
Roadshow 09/30-10/02 (virtual and physical) (investor call at 11am UKT 09/30). Books closed at 1pm UKT 10/02. Reconfirms were due by 2:45pm UKT 10/02. UOP: financing and refinancing eligible green assets (EUR67m repay secured bank loans, EUR150m new development, EUR66m land acquisition, EUR13m GCP). Biz: a leading European logistics platform. Pruszkow, Poland. NetRoadshow: https://www.netroadshow.com/ev...;confId=71778.