NEW ISSUE: Pinewood Finco GBP300m 6NC2 sr sec notes, IPT 6.75% area, on the road
HYC European Market: Deal Flow - General
Issuer
Term
Call
Maturity
Size
Ranking
Type
IPT
PINEFI
6NC2
2y
Jul-32
£300m
Snr Sec
Fixed
6.75% area
IPTs: 6NC2: 6.75% area
Issuer: Pinewood Finco plc
Ticker: PINEFI
Size: GBP300m
Format: 144A / Reg S, no reg rights
Security: Senior Secured Notes due 2032 (6y)
Expected Issue Ratings: BB+ / BBB (S&P / Fitch)
Maturity: July-2032 (6y)
Optional Redemption: NC2 (July-2028) (MWC G+50bp) with a 50/25/par step-down. Equity claw: 2y 40%. Special call:: 10% per year the first 2 years at 103
Change of Control: investor put at 101
Denominations: 100kx1k
Listing: The International Stock Exchange
Joint Global Coordinators, Joint Physical & Active Bookrunners: Barclays (B&D), BofA
Joint Global Coordinators & Joint Physical Bookrunners: Standard Chartered, NatWest
Joint Bookrunner: Goldman Sachs
UOP: Along with £1m to fund the tender of the existing £300m 3.625% Senior Secured Notes due 15-Nov-2027 (99.00 tender price) and pay transaction-related fees and expenses.
Equity sponsor: Aermont Capital
Biz: Leading global provider of infrastructure required for film & TV production, hosting over 25% of global blockbuster films from 2010 to 2025. HQ: Iver Heath, UK Marketing:
Investor Call: 11:00am UKT, 22-July-2026
Roadshow: Virtual small group meetings available on 22-July-2026 (also did investor calls 13-Jul-26 and 14-Jul-26)
Target Market:Manufacturer target market (MIFID II / 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 the UK