NEW ISSUE: Derichebourg S.A. €800m 5NC2 & 7NC3 Green Sr Unsec
HYC European Market: Deal Flow - General
Issuer
Term
Call
Maturity
Ranking
Type
Derichebourg S.A.
5NC2
2
2031
Sr Unsec
Fixed
Derichebourg S.A.
7NC3
3
2033
Sr Unsec
Fixed
Issuer:Derichebourg S.A.
Business: Leading global provider of waste recycling, mainly metal and public sector services
UoP: Repay the bridge facility in the context of the acquisition of Scholz's shares, refinance certain Derichebourg indebtedness, GCP and pay transaction related costs and expenses
Offering Size: €800,000,000 to be split across tranches
Tenor:
5NC2: 5 Years (2031)
7NC3: 7 Years (2033)
Call Protection:
5NC2: NC2, 50%, 25%, par
7NC3: NC3, 50%, 25%, par
Change of Control: Put @ 101
Distribution: Reg S
Denominations: €100k x €1k
Listing: The International Stock Exchange
Governing Law: New York
Left Lead & Sole Bookrunner: BNP Paribas (B&D)
Joint Managers: CACIB, CIC, Natixis, SG
Target Market: Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK.