Commentary & Deal Flow

PCC Global plc (Paragon) EUR450m Reg S sr sec notes due 2030 (5y). NC2 (50%,25%,par). NR/B+/B+ (--/stable/stable). Via BNP (B&D) sole gloco/NatWest jt physical books/Commerz/HSBC jt books. List ISE. NY law. CoC at 101. Denoms: 100kx1k. Settles T+10. Roadshow (1-on-1s) 10/28-30 (investor call 10am UKT 10/28).  UOP: refinance existing debt, and cash on the B/S. Biz: a data and technology driven provider of resilient business and brand services doing business under the Paragon brand. HQ: London, UK.

DealRoadshow link: https://dealroadshow.com/e/VIRTUE25SLIDESONLY. Access code:: VIRTUE25SLIDESONLY.