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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
INTRUM
Intrum Investments And Financing AB€600
1EMEA
Jul 24, 2020
currency
EUR
size (m)
600.000
maturity
Aug 15, 2025
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
-
moody's
Ba2
s&p
BB
fitch
BB
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
4.875% area
spread
554
coupon
4.875%
spread set
-
price
100.00000
yield
4.875%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BNP, CSG, CTI, DAN, ...
joint leads
GSC, JPM, MOS, NRD, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BNP, CSG, CTI, DAN, ...
joint leads
GSC, JPM, MOS, NRD, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Registration: 144A/Reg S; Comments: 07/24/2020 Intrum AB (publ) (INTRUM) EUR600m (up from EUR500m) 144A/Reg S sr notes due 08/15/25 (5y). NC2 (MWC B+50bp), then at 102.438, 101.219, 100. Equity claw: 2y 40% at 104.875. (Expect Ba2/BB)/BB (--/--/negative). Via MS/GS/JPM/Nordea (jt Nordic coordinator)/SEB (jt Nordic coordinator)/BNP/Citi/CS/Citi/Danske/DB/DNB/NatWest/Nykredit/Swedbank joint books.No reg rights. List Lux. NY law. Settles 8/05 (T+8). Reg S ISIN: XS2211136168. Px talk: 4.875% area. EUR100m upsize UOP: redeem more 2.75% sr notes. Final terms: EUR600m at 4.875%. Priced: 4.875% at 100. +554bp vs DBR 1% 08/15/25. Did investor call at 12pm UKT 07/23. Books closed at 1:15pm UKT 07/24 (originally closing at 1:30pm UKT 07/24). UOP: along with cash on hand, to redeem $600m (up from $500m) of its EUR750m 2.75% sr notes due 07/15/22 (callable at 100.688). Equity sponsor: Nordic Capital (47.4%). Biz: European credit management company providing services across the entire credit management value chain, including credit management services, debt collection and financial services. HQ: Stockholm, Sweden.;

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