Commentary & Deal Flow

EM/HY: DIGI Romania SA (RCSRDS) EUR500m 144A/Reg S sr sec notes due 2031 (6y). NC2 (50%,25%,par). Ratings TBD (existing corp ratings NR/BB-/BB (--/stable/stable). Via Barc/Citi (B&D) jt glocos/ING/Santander/SocGen/UniCredit jt books. No reg rights. List Dublin. NY law. Denoms: 100kx1k. Roadshow (1x1 investor calls and meetings on request) 10/20-21 (investor call 11:30am UKT 10/20). UOP: redeem its EUR400m 3.25% sr sec notes due 02/05/28 (callable at 100), partially repay term loan, and GCP. Biz: a leading Romanian TelCo operator with over 70% market share in pay-TV and fixed internet in Romania and the fastest growing large operator in Spain, with over 10% market share. HQ: Bucharest, Romania. Note: this is an emerging markets issuer (Romania) and will not count towards Euro high yield volume.

Netroadshow link: https://urldefense.com/v3/__https:/www.netroadshow.com/events/login/LE9zwo3gJP0Qdk7n4ttUFi7SktAB2v1MGqS__;!!G7x19LdBoP0e!lhPR_Qdc7wIr6trFUl3sSpKB8YAcvNEQPj-A_khVFiQKBUIdhnV-JrvBIlLPt77yjPHtrbNeLPXzSv5hcQJQNHC7uQ$