Related Parents
Related Issuers
by Stephen Carter
Nov 12, 2025 3:24 PM ET
Gatwick Airport Finance plc (GTWICK) GBP475m Reg S holdco sr sec notes due 11/21/30 (5y). NC2 (11/21/27) (MWC B+50bp), then at 103.00 11/15/27, 101.50 11/15/28, 100 11/15/29. Ba2/NR/BB (stable/--/stable). Via Barc (B&D)/NatWest jt glocos/Lloyds active jt books/Santander passive jt books. List ISE. English law. CoC at 101. Pays May 21 and Nov 21, starting 05/21/26. Denoms: 100kx1k. Settles 11/21 (T+7). ISIN: XS3221827911. IPT: 6.50%-6.75%. Price talk: 6.25%-6.50%. Price guidance: 6.00%-6.25%.
Priced: 6.00% at 100. +218bp vs UKT 4.75% 12/07/30.
Roadshow (physical) 11/11-12 (investor call at 11am UKT 11/11). Books closed at 2pm UKT 11/12. n. Equity sponsors: VINCI (50.01%) and Global Infrastucture Partners (49.99%). UOP: refinance its existing GBP450m 4.375% holdco sr sec notes due 04/07/26 (will call on 11/21/26 at 100). Biz: the UK's second largest Airport. HQ: Gatwick Airport, UK.
DealRoadshow direct link: https://dealroadshow.com/e/gatwickairport2025. Entry code: gatwickairport2025.