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by Stephen Carter
Apr 16, 2026 11:25 AM ET
CANPACK Group, Inc. / CANPACK S.A. (CANPCK) US$1.09bn (up from US$970m) equivalent EUR/US$ 144A/Reg S sr notes 2-part. NR/BB/BB (stable/negative). Citi (EUR B&D)/WFS (US B&D) jt physical books/BNP/JPM jt glocos and jt books/ING/PKO Bank Polski jt books. List Luxembourg Stock Exchange (Euro MTF). NY law. Settles 04/27 (T+7). US$120m upsize for GCP.
- EUR500m (up from EUR400m minimum) due 01/27/32 (5.75y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. CoC at 101. Denoms: 100kx1k. IPT: 5.25%-5.50%. Price talk: 5.25%-5.50%. Revised price talk: 5.00% area (+/-12.5bp) WPIR. Launched: EUR500m at 4.875%.
- US$500m (up from US$400m minimum) due 04/27/31 (5y). NC2 (MWC T+50bp) (50%,25%,par). Equity claw: 2y 40%. CoC at 101. Denoms: 200kx1k. IPT: 6.50%-6.75%. Price talk: 6.25%-6.50%. Revised price talk: 6.00% area (+/-12.5bp) WPIR. Launched: US$500m at 6.00%.
Did investor call 3pm UKT / 10am NYT 04/15. Books closed 10am NYT / 3pm UKT 04/16. Pricing 04/16. UOP: redeem in full its EUR600m 2.375% sr notes due 11/01/27 (callable at 100), repay and cancel the $177m Bridge Loan, and $190m (up from $70m) for GCP. It is privately-owned by Peter Giorgi via the holding company Giorgi Global Holdings Inc. Biz: leading global manufacturer of aluminum cans, glass containers, and metal closures for the beverage, food, and chemical industries. HQ: Krakow, Poland.
NetRoadshow registration link: https://www.netroadshow.com/events/login/LE9zwo3jkAhMxWvbnaEAdBxxn1xl2YoPj1j. Dial-in: US Local +1 678 974 1374; US Toll-Free +1 844 386 0635; Access Code: 147252.