Commentary & Deal Flow

IPTs: 6NC2: Low to Mid 9%s

• Issuer: Jerrold Finco plc
• Ticker: JERRGB
• Company: Together Money
• Business: One of the UK's leading specialist mortgage and secured loan providers
• Security Type: Second Lien Secured Notes
• Size: £300m
• Currency: GBP
• Tenor: 6 years
• Call: NC2 (50%, 25%, Par)
• Corporate Rating: BB (Stable) / BB (Stable) (S&P/Fitch)
• Expected Instrument Rating: BB- / BB- (S&P/Fitch)
• IPTs: Low to Mid 9%s
• Use of Proceeds: Together with cash on balance sheet and funds drawn from certain Securitisation, refinance in full the Bracken 2027 Notes
• Governing Law: New York
• Format: Reg S / 144A (without Registration Rights)
• Listing: The International Stock Exchange
• Denominations: £100k X £1k
• Global Coordinators and Joint Bookrunners: Goldman Sachs International (B&D), NatWest
• Joint Bookrunners: BNP Paribas, Citigroup, HSBC, Lloyds Bank Corporate Markets
• GIC Timing: Tuesday, 21-Apr, 10:00 UKT
• Small Group Meetings: Hybrid roadshow will run Tuesday 21-Apr
• GIC Registration Details: https://evercall.co/oacc/52726
• Dealroadshow Direct link: https://dealroadshow.com/e/TOGETHER26
• Target Market / PRIIPS: Manufacturer target market (EU MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK