Currenta Group Holdings Sarl (CURGRP) EUR1bn 144A/Reg S sr sec notes 2-part. Ba3/BB-/BBB- (stable/stable/stable). Via DB (B&D FRN)/JPM (B&D fixed) jt physical books/Barc/IMI/MUFG jt passive books. No reg rights. List ISE. NY law. Settles 05/15 (T+5).
- EUR650m fixed-rate notes due 05/15/30 (5y). NC2 (05/15/27) (MWC B+50bp), then at 102.75, 101.375, 100. Equity claw: 2y 40% at 105.50. Special call: 10% per year the first 2 years at 103. CoC at 101. Reg S ISIN: XS3067385420. IPT: 6.25% area. Price talk: 5.75%-6.00%. Final price talk: 5.50%-5.75%. Priced: 5.50% at 100. +346bp vs DBR 0% 08/15/30.
- EUR350m FRN due 05/15/32 (7y). NC1 (05/15/26) (MWC B+50bp), then at 100. CoC at 101. Reg S ISIN: XS3067389174.IPT: E+400bp at 98.50-99.00. Price talk: 3mE+400bp at 99.00-99.50. Final price talk: 3mE+400bp at 99.50-par. Priced: 3mE+400bp at 100.
Roadshow (small group meetings available on Zoom) 05/06-07 (investor call at 10:30am UKT 05/06). Books closed at 11:30pm UKT 05/08. Reconfirms were due by 12:45pm UKT 05/08. UOP: along with cash on hand, to refinance the existing EUR814m term loan due Nov 2026, repay EUR50m drawn on existing capex facility, fund shareholder payments of EUR186m. Equity sponsor: Macquarie Asset Management. Biz: operator of Germany's largest independent chemical, pharma, and industrial parks. HQ: Leverkusen, Germany.
Netroadshow: www.netroadshow.com/nrs/home/#!/?show=9b846cda (Entry code: currenta25).