First Pay: 2026-07-05; Redemption: 2028-07-15; Registration: 144A/Reg S; Comments: Min size: EUR300m. CoC: 101%. MWC: B+50. Par Call: Yes;
Deal Comments
UPDATE: Spread Set at 3mEu+337.5
UPDATE: RVSD Spread Set at 3mEu+325
Use of Proceeds
To redeem the remaining EUR215m of its EUR415m sr sec FRN due 01/15/28 (callable at 100), and pay down revolver. The other ER200m of the FRN notes due 2028 will be redeemed using a portion of the proceeds of the US$750m 6.625% sr sec notes due 2032 that priced 15-May-26