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Commentary & Deal Flow

IPT: KIKO Milano E540m 5NC1 sr sec notes E+350bp area at par

HYC European Market: Deal Flow - General

Duomo BidCo SpA (KIKO Milano) (DUOMBI) EUR540m 144A/Reg S sr sec FRN due Jan 2032 (5y). NC1 (par). B2/B+ (stable/stable). Via DB (D&B) physical books/Barc/IMI/UniCredit jt books. No reg rights. List Lux. NY law. Denoms: 100kx1k.

IPT: E+350 area (+/- 12.5bp) (0% floor) at par.

Roadshow (1x1s) 11/24-25 (investor call at 11am UKT 11/24). Pricing likely 11/25. UOP:  redeem its EUR500m sr sec FRN due 07/15/31 (callable at 100), repay EUR35m drawn on its revolver. Equity sponsor: L Catterton (69%); the founding Percassi family has a significant minority interest (31%). 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.