Arqiva Broadcast Finance plc (ARQIVA) GBP500m Reg S only sr sec notes due 07/01/30 (5y). NC2 (07/01/27) (MWC G+50bp), then at 104.3125, 102.1563, 100. B1/B (stable/stable). Via HSBC (B&D)/Lloyds/Santander jt glocos and books. List LSE. English law. CoC at 101. Pays March 31 and Sept 30, starting 09/30/25. Denoms: 100x1. Settles 07/03 (T+6). ISIN: XS3108489645. IPT: 9.00% area. Price talk: 8.625%-8.75%.
Priced: 8.625% at 100. +476bp vs UKT 0.375% 10/22/30.
Roadshow (in-person) 06/23-24 (investor call at 12pm UKT 06/23). Books closed at 2:30pm UKT 06/25. UOP: repay GBP450m jr bank facility due March 2028, EUR5m related interest rate hedging, EUR 11m accrued interest, and EUR25m cash on the B/S. Biz: the UK's sole national provider of television and radio broadcast infrastructure, providing mission-critical end-to-end connectivity in media and utility industries. HQ: Crawley, UK.
Deal Roadshow direct link: https://dealroadshow.com/e/ARQIVA25