Jerrold FinCo plc (Together Financial Services) (JERRGB) GBP500m 144A/Reg S sr sec notes due 06/15/31 (6y). NC2 (06/15/27) (MWC G+50bp) then at 103.75, 101.875, 100. Equity claw: 2y 40% at 107.50. NR/BB/BB (--/stable/stable). Via Citi (B&D)/GS jt glocos and physical books/HSBC/Lloyds/NatWest jt books. No reg rights. List ISE. NY law. CoC at 101. Settles 06/04 (T+9). Reg S ISIN: XS3079593649. Price talk 7.75% area. Revised price talk: 7.375%-7.50% (WPIR).
Priced: 7.50% at 100. +329bp vs UKT 0.125% 07/3/31.
Roadshow (in-person) 05/20-21 (investor call at 10:30am UKT 05/20). Books closed at 2:30pm UKT 05/21. Reconfirms were due by 3:45pm UKT 05/21. UOP: along with GBP14m cash on hand, to redeem its GBP500m 5.25% sr sec notes due 01/15/27 (callable at 100). Biz: specialist mortgage and secured loan provider in the UK. HQ: Cheadle, Cheshire, UK.
Netroadshow link: https://www.netroadshow.com/events/login?show=011f9fb3&confId=82932