Aragavi Finance Intl DAC (Trans-Oil Group) USD benchmark 144A/Reg S (Cat 1) gtd sr sec notes due 11/20/29 (5y). NC2 (11/20/26) (MWC T+50bp), then at 105.563, 102.781, 100.00. Equity claw: 2y 40% at 111.125. NR/B/B+ (--/positive/stable). Via Citi (B&D)/ING/OppCo jt glocos/RBI/UniCredit jt books. No reg rights. List Vienna. Engish law. CoC at 100. Semi pay (30/360). FCA/ICMA stabilization applies. Settles 11/20. ISINs: XS2932787687 / US03851RAC88. IPT: mid-to-high 11s. Guidance: 11.50% area. Launched: $550m at 11.375%.
Priced: 11.125% at 99.066, yield 11.375%.
Did Global Investor Call at 3pm UKT / 4pm CET / 11am NYT 10/28 and a series of individual investor meetings and calls in London & Europe starting from 10/29. Books went subject at 2:30pm UKT, 9:30am NYT 11/12. Books over $1.1bn (including $37m JLM interest). DFI subscription: One DFI as anchor investor of up to $30mn size. Biz: a wholly-owned subsidiary of Trans-Oil Group. a leading agro-industrial holding company in Central and Eastern Europe, operating in Moldova, Romania and Serbia,UOP: fund the any-and-all cash tender offer for its outstanding US$500m 8.45% Notes due 29 April 2026, and together with the tender offer, concurrently consent to allow for the mandatory early redemption of the Notes. The Early Participation Deadline was 8 November 2024, and the Voting and Expiration Deadlines are 15 November 2024 and 26 November 2024, respectively. For further information on the offer, Noteholders should refer to the Tender Offer and Consent Solicitation Memorandum dated 28 October 2024.
Netroadshow details: URL: https://www.netroadshow.com/ Entry Code: TRANSOIL2024; Direct Link: https://www.netroadshow.com/nrs/home/#!/?show=4a2c00ae