SIG plc (SHILN) EUR300m 144A/Reg S 1st lien sr sec notes due 10/31/29 (5y). NC2 (10/31/26) (MWC B+50bp), then at 104.875, 102.4375, 100. Equity claw: 2y 40% at 109.75. B3/B (negative/stable). Via HSBC (B&D) sole gloco and physical books/Barc/BNP/Lloyds/NatWest jt books. No reg rights. List ISE. NY law. CoC at 101. Settles 10/25 (T+6). Reg S ISIN: XS2919902920. IPT: 10% area (+/- 12.5bp). Price talk: 9.75%-10.00%.
Priced: 9.75% at 100. +770bp vs DBR 2.10% 11/15/29.
Roadshow 10/14 (virtual)-10/15 (London) (investor call at 11:30am UKT 10/14). Books closed 1:30pm UKT 10/17. UOP: along with EUR8m cash on hand to, fund the tender offer for its EUR300m 5.25% sr sec notes due 11/30/26 (EUR1,000 purchase price, dealer managers HSBC/Barc/BNP/Lloyds/NatWest). Equity sponsor: CD&R (29%). Biz: leading supplier of specialist building products (including insulation, roofing and commercial interiors) to trade customers across Europe. HQ: Sheffield, UK. NetRoadshow link: netroadshow.com/nrs/home/#!/?show=4f5cf774.