Commentary & Deal Flow

Samsonite Finco Sarl (SAMISA) EUR350m 144A/Reg S sr notes due 2033 (7.25y). NC3 (MWC B+50bp) (50%,25%,par). Equity claw: 3y 40%. B1/BB+/BB+ (stable/stable/stable). Via JPM (B&D)/HSBC jt physical books/BNP/Citi jt glocos/Barc/BofA/MS/Santander/TSI jt books, BBVA, Citizens, FITB, Key, PNC, Scotia, StanChart, Wedbush as co-managers. No reg rights. List ISE. NY law. CoC at 101. Denoms: 100kx1k. IPT: high 4s.

Price talk: 4.50%-4.75%.

Did investor call at 12pm UKT 10/28. Books close at 1pm UKT 10/20. Pricing 10/30 UK afternoon. UOP: along with $750m term loan A and $494m term loan B, to refinance its existing term loans ($760m term loan A, $495m term loan B, and $100m drawn on its revolver) and redeem its EUR350m 3.50% sr notes due 05/15/26 (callable at 100). Biz: the world’s best known and largest travel luggage company and a leader in global lifestyle bags. HQ: Mansfield, MA.

Netroadshow link: https://www.netroadshow.com/events/login/LE9zwo4BQdQldmFT8of9ZYRVIAV6wZEPjoe.