05/08/2024 Alexandrite Monnet UK Holdco plc (Befimmo)
(BFIMMO) EUR350m 144A/Reg S sr sec notes due 05/15/29 (5y). NC2 (MWC B+50bp), then at 105.25, 102.625, 100. Equity claw: 2y 40% at 110.50. Special call: 10% per year the 1st 2 years at 103. NR/B+/BB- (--/stable/stable). Via BNP/DB (B&D) jt glocos/ING jt books. No reg rights. List ISE. NY law. Settles 05/16 (T+6). Reg S ISIN: XS2800001914. IPT: high 10-11%. Px talk: 10.50%-10.75%. Priced: 10.50% at 100. +800bp vs OBL 2.10% 04/12/29. Roadshow 05/02-05/07 (investor call at 11:30am UKT 05/02). Books closed at 2pm UKT 05/08. UOP: along with EUR160m equity injection, to repay the remaining EUR500m of the original EUR530m bridge loan, incurred to fund the acquisition of Befimmo SA by Brookfield Corp. Biz: a B-REIT. It is BeLux's largest owner and operator of working space facilities with a high-quality portfolio consisting of 36 offices in Brussels and other prime cities in Belgium and Luxembourg. HQ: Brussels, Belgium. (Acquisition announced 02/25/22, completed 01/04/23). https://www.netroadshow.com and enter the requested entry code: Tint24 (not case-sensitive).