IPD 3 BV (Infopro Digital) (IPDEBV) EUR620m 144A/Reg S sr sec notes due 06/15/31 (6y). NC2 (05/15/27) (MWC B+50bp), then at 102.75, 101.375, 100. Equity claw: 2y 40% at 105.50. Special call: 10% per year, the first 2 years at 103. IPO call: up to EUR300m the 1st 2 years at 102. B2/B/B+. Via BNP/JPM (B&D) jt glocos and jt physical books/BofA/DB/MS jt books. No reg rights. List Lux. NY law. CoC at 101. Settles 05/14 (T+10). Reg S ISIN: XS3067907140. IPT: 6.00%-6.25%. Price talk: 5.75%-6.00%. Revised price talk: 5.50%-5.75%.
Priced: 5.50% at 100. +341bp vs DBR 0.00% 02/15/31.
Roadshow (small group 1x1s) 04/28-29 (investor call at 1m UKT 04/28). Books closed at 2pm 04/29. Reconfirm by 2:45pm UKT 04/29. Pricing 04/29 UK afternoon. UOP: refinance existing EUR590m 8.00% sr sec notes due 06/15/28 (MWC B+50bp). Equity sponsor: TowerBrook (69.1%). Biz: a leading B2B information services provider. HQ: Antony, France; Schiphol, The Netherlands
Dealroadshow: https://dealroadshow.com/e/INFOPRO25IP