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Commentary & Deal Flow

FINAL PX TALK: Keepmoat GBP280m 6NC2 Sr Sec Notes 7.25-7.50%

HYC European Market: Deal Flow - General

Maison FinCo PLC (Keepmoat) (KEEPMT) GBP280m 144A/Reg S sr sec notes due 2032 (6y). NC2 (MWC G+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the 1st 2 years at 103.  NR/B/BB+ (--/stable/stable). Via Barc (B&D) lead left//NatWest/BofA jt glocos and physical books/Lloyds/StanChart/GS jt books. No reg rights. List ISE. NY law. CoC at 101. Denoms: 100kx1k. IPT: 7.75%-8.00%. Price talk: 7.50%-7.75%.

Final price talk: 7.25%-7.50%.

Roadshow 02/23-24 (investor call at 2pm UKT 02/23) (also did fixed income investor meetings 02/11-12). Books close at 1:30pm UKT (from 12:30pm) UKT 02/25. Pricing 02/25 UK afternoon, UOP: refinance its existing GBP275m 6.00% sr sec notes due 10/31/27 (callable at 100).  Equity sponsor: Aermont Capital. Biz: a leading partnership-led housebuilder in the UK, delivering affordable and high-quality homes, principally for first-time buyers and Registered Providers. HQ: Doncaster, UK. 

Netroadshow direct link; https://www.netroadshow.com/events/login/LE9zwo49fLBTAIPqZHEtbnoMslnw0Dx0DGG.