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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
INDS
PRCD
INTRUM
Intrum Investments And Financing AB€250
1EMEA
Sep 16, 2020
currency
EUR
size (m)
250.000
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
100.50 area
spread
542.3
coupon
4.875%
spread set
-
price
100.75000
yield
4.704%
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: 09/16/2020 Intrum AB (publ) (INTRUM) EUR250m (up from EUR200m) 144A/Reg S add-on to its 4.875% 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. Via MS/GS/JPM/Nordea (jt Nordic coordinator)/SEB (jt Nordic coordinator)/BNPP/CS/Citi/Danske/DB/DNB/NatWest/Nykredit/Swedbank joint books. No reg rights. List Lux. NY law. Settles 09/21 (T+3). Immediately 144A fungible (Reg S - ISIN: XS2211136168, after 40 days) with the EUR600m issue priced 07/24/20. Px talk: 100.50 area. Launched/Upsized: E250m at 100.75. Priced: 4.875% at 100.75, 4.704% YTM. +542.73bp vs DBR 1.00% 08/15/25. Did investor call at 8:30am UKT 09/16. Books closed at 3:00pm UKT 09/16y. Orders were to be reconfirmed by 3:15pm UKT 09/16. UOP: pay down revolver (EUR50m upsize UOP: paydown revolver). 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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