Private placement: IPD 3 BV (Infopro Digital) (IPDEBV) EU160m 144A/Reg S add-on to its 5.50% sr sec notes due 06/15/31 (6y). NC2 (05/15/27) (MWC B+50bp), then at 102.75 05/15/27, 101.375 05/15/28, 100 05/15/29. 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 JPM sole placement agent. No reg rights. List Lux. NY law. CoC at 101. Denoms: 100x1. Trade date 07/10. Settles 07/24 (T+10). Temporary Reg S ISIN: XS3121767423. Reg S ISIN: XS3067907140. Fungible after 40 days with the original EUR620m deal priced 04/29/25.
Priced: 5.50% add-on at 100.50 w/AI from 05/14/25.
UOP: GCP, including future M&A. Equity sponsor: TowerBrook (69.1%). Biz: a leading B2B information services provider. HQ: Antony, France; Schiphol, The Netherlands.