Commentary & Deal Flow

ContourGlobal Power Holdings SA (CONGLO) EUR675m 144A/Reg S sr sec notes de 2031 (5.5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. NR/BB/(expect BB+) (--/stable/stable). Via KKR/Santander (B&D) jt glocos/BNP/GS jt physical books/Mizuho/UniCredit jt books. No reg rights. List ISE. NY law. CoC at 101. Demons: 100kx1k. Roadshow (small group meetings) 01/12-13 (investor call at 11am UKT 01/12). UOP: repay its existng EUR350m MidCo term loan de Nov 2030, repay its EUR300m 3.125% HoldCo sr sec notes due 01/01/28 (callable at 100). Equity sponsor: KKR Infrastructure. Biz: a U.K. listed developer and operator of wholesale electric power generation businesses. HQ: London, UK.

Netroadshow direct link: https://www.netroadshow.com/events/login/LE9zwo49BWKCi1uMZCDLcvOKnY6qAi00LBt.