Related Parents
Related Issuers
by Stephen Carter
Oct 14, 2025 8:43 AM ET
CPUK Finance Limited (Center Parcs) (CPKLN) GBP285m Reg S class B8 fixed-rate 2nd lien secured notes due 08/28/32 (6.75y). NC2.75 (08/28/28) (MWC G+50bp) (50%,25%,par). Equity claw: 2.75y 40%. Special call: 10% per year the first 2.75 years at 103. NR/B/B (--/--/stable). Via Barc (B&D) sole physical books/HSBC jt glocos and jt books. List ISE. English law. CoC at 101. Semi-pay Feb 28 and Aug 28, starting 02/28/26. Denoms: 100kx1k. IPT: 7.00%-7.25%.
Price talk: 7.00% area (+/- 12.5bp).
Roadshow (small group meetings) 10/13 (investor call at 11am UKT 10/13). Books close at 3:30pm 10/14. Pricing 10/14 UK afternoon. UOP: redeem its GBP250m 6.50% class B5 2nd lien notes due 08/28/26 (callable at 100), and fund a GBP29m shareholder distribution. Equity sponsor: Brookfield Asset Management. Biz: Leading short-break holiday provider in the UK (Center Parcs). HQ: New Ollerton, Newark, Nottinghamshire, UK.
NetRoadshow link: https://www.netroadshow.com/events/login/LE9zwo4BRD1ZZ51pRl8JLcVb1rGVIbrHUpz.