FINAL GUIDANCE: Avolta (DUFNSW) EUR350m 5.5NC2 Senior Notes
HYC European Market: Deal Flow - General
Ticker
Security
Term
Tranche Size
IPT
Final Guidance
DUFNSW
Senior Notes
5.5NC2
EUR350m
5.25%-5.5%
5.25%
Price Progression:
Final guidance: 5.25%
IPT: 5.25%-5.5%
Issuer: Dufry One B.V.
Ticker: DUFNSW
Size: EUR350m WNG
Format: Reg S
Security: Senior Notes
Issue Ratings: Ba2 / BB+ (stable/stable)
Maturity: March-2032 (5y)
Optional Redemption: NC2 (50%, 25%, Par)
Change of Control: CoC at 101
Denominations: 100kx1k
Reg S ISIN: XS3508785303
Listing: The International Stock Exchange
Law: New York
Joint Global Coordinators and Physical Bookrunners: BNP Paribas, ING (B&D), LBBW
Joint Global Coordinators: Banca Akros, Santander, UBS
Joint Bookrunners: Bank of China, BBVA, BofA, CIC, Commerzbank, CACIB, GS, HSBC, IMI, Mediobanca, MUFG, RBI, UniCredit
Co-Managers: DZ Bank, Raiffeisen Schweiz
Settles: 22-September-2026
UOP: along with EUR49m of cash on hand, to fund the tender offer for EUR350m of its EUR396m 2% sr notes due 15-Feb-2027 (99.85 tender price), the remaining EUR46m will be repaid at maturity, and pay transaction fees and expenses.
Biz: Global market leader in the airport travel retail industry and in the travel food and beverage industry, operating ~5,100 retail stores and restaurants across 70 countries on six continents
HQ: Basel, Switzerland Marketing:
Roadshow: Virtual roadshow will run Monday 14-September
Investor Call: Monday 14-September-2026, 10:30am UKT / 11:30am CET