Related Deals
Related Parents
Related Issuers
by Stephen Carter
Apr 01, 2026 10:08 AM ET
FiberCop SpA (FIBCOP) EUR1bn (up from EUR750m minimum and from EUR benchmark) size Reg S only sr sec notes due 2031 (5y). NCL (MWC B+50bp) (6mo par call). Ba1/BB+/BB+ (negative/stable/stable). Via BofA/JPM (B&D)/KKR jt glocos/Citi/UniCredit jt active books/BBVA/BNP/CIBC/CA/Mediobanca/Mizuho/MUFG/Scotia jt books. List Lux. English law (save for mandatory provisions of Italian law). CoC at 100. Denoms: 100kx1k. IPT: high 5s. Price talk: 5.50% area (+/-12.5bp).
Final terms: $1bn at 5.375%.
Did investor call at 10:30am UKT 04/01. Books closed at 2:30pm UKT 04/01. Pricing 04/01 UK afternoon. Also did a series of virtual meetings 03/30-31. UOP: GCP. Equity sponsors: KKR (37.8%), ADIA (17.5%), CPPIB (17.5%), the Italian Ministry of Economy and Finance (16%), F2i (11.2%). Biz: Italy's national digital infrastructure (wholesale) provider with a unique and extensive fixed-line network in Italy (Telecom Itallia sold its fixed network and wholesale business to the KKR-led investor group on 07/01/24). HQ: Milan, Italy.
DealRoadshow direct link: https://dealroadshow.com/e/FIBERCOPREPLAY.