Miller Homes Group (Finco) PLC (MLRHOM) EUR475m 144A/Reg S sr sec FRN due 10/15/30 (5.5y). NC1 (10/15/26) (MWC B+50bp) (then at par). Equity claw: 1y 40% at 104.25. B1/B/BB- (stable/stable/stable). Via Barc/HSBC (B&D) jt glocos and physical books/DB/GS/Lloyds/RBC jt books, Apollo as co-manager. No reg rights. New York Law. List ISE. CoC at 101. Pays Feb 15, May 15, Aug 15, Nov 15, starting 08/15/25. Settles 04/15 (T+9). Reg S ISIN:XS3047271872. IPT: E+425-450bp at par. Price talk: E+425-450bp at par.
Priced: 3mE+425bp (0% floor) at 100.
Roadshow (small group meetings) 03/31-04/01 (investor call at 1pm UKT 03/31). Books closed at 12:30pm UKT 04/02. UOP: refinanced the existing EUR465m sr sec FRN due 05/15/28 (callable at 100). Equity sponsor: Apollo. Biz: one of the largest privately owned UK homebuilders. HQ: Edinburgh, Scotland.
Netroadshow link: https://www.netroadshow.com/events/login?show=6d66472f&confId=79599.