Mehilainen Yhtiot Oy (AMBEAA) EUR1.09bn sr sec notes two-part. Expect B2/B/B (stable/stable/stable). Via GS (B&D)/Barc/Jefferies jt glocos/CVC/Danske/Nordea/RBI/SMBC/UniCredit/MUFG jt books. No reg rights. List ISE. NY law. SMR at 100 if the acquisitions have not closed by 06/30/26. Settles 06/25 (T+10).
- EUR350m sr sec FRN due 06/30/32 (7y). NC1 (06/30/26) (MWC B+50bp), then at 100. Equity claw: 1y 40% at 103.375. CoC at 101. Quarterly pay: Dec 30, March 30, June 30, Sept 30, starting 09/30/25. Reg S ISIN: XS3094328609. IPT: E+375-400bp at par. Price talk E+350-375bp at par. Final terms: EUR350m E+337.50bp at par. Priced: 3mE+337.5bp (0% floor) at 100.
- EUR740m sr sec fixed-rate notes due 06/30/32 (7y). NC3 (06/30/28) (MWC B+50bp), then at 102.5625 (06/30/28), 100 (06/30/29) (Originally 50%,25%,par). Equity claw: 3y 40% at 1065.125. Special call: 10% per year the 1st 3 years at 103. CoC at 101. Semi pay: Dec 30 and June 30, starting 12/30/25 (the final interest payment will be 06/30/32). Reg S ISIN: XS3094324368. IPT: 5.50%-5.75%, Price talk: 5.25%-5.50%. Final terms: EUR470m at 5.125%. Priced: 5.125% at 100. +286bp vs DBR 0% 02/15/32.
Did investor call 10am UKT 06/09. Books closed at 2:30pm UKT 06/11. Reconfirms were due by 3pm UKT 06/11. UOP: to finance the acquisition of Regina Maria (EUR691m cash and EUR292m repayment of Maria debt) and its sister company MediGroup (EUR89m cash) and EUR224m cash to the B/S. Also an additional equity contribution of up to EUR250m provided by CVC. Equity sponsors: CVC and Hellman & Friedman (CVC and H&F have agreed to purchase shares of the parent company (TopCo) for total cash of EUR2bn on the acquisition closing date which will give CVC an approx 50% economic equity of TopCo and H&F an approx 30% economic equity of TopCo). Biz: provider of high quality and customer centric healthcare and social care services to the Finnish population and in increasing scale internationally, including Germany, Sweden, Estonia and Lithuania. HQ: Helsinki, Finland. (Acquisition announced 03/29/2025).
Netroadshow direct link: https://urldefense.com/v3/__https:/www.netroadshow.com/nrs/home/*!/?show=885cf08c__;Iw!!O2kDR7mm-zSJ!qa1pGC93H1dkwxSkdBzwRuw-qvDMOq8lGkSqbal5IxlkwJZHYQOLY0E_DWyJFmG9E8T-EhXVZIskoXRoAg$. Entry code: MEH2025.