Commentary & Deal Flow

Duomo BidCo SpA (KIKO Milano) (DUOMBI) EUR540m 144A/Reg S sr sec FRN due 2031 (5y). NC1 (par). Expect B2/B+ (stable/stable). Via DB (D&B) physical books/Barc/IMI/UniCredit jt books. No reg rights. List Lux. NY law. Denoms: 100kx1k. Roadshow (1x1s) 11/24-25 (investor call at 11am UKT 11/24). UOP: redeem its EUR500m sr sec FRN due 07/15/31 (callable at 100). Equity sponsor: L Catterton (70%); the founding Percassi family has a significant minority interest (30%). Biz: leading Italian beauty brand offering a diverse portfolio of prestige quality, accessible make-up and skincare products with an international presence spanning over 70 countries. HQ: Bergamo, Italy.

Investor call registration: https://www.netroadshow.com/events/login/LE9zwo3kuVpq3scmniOkj0tYVzbkNhKLdyO.

Netroadshow slides direct link: www.netroadshow.com/nrs/home/#!/?show=b5f6533c. Entry code: Duomo25.