Related Parents
Related Issuers
by Stephen Carter
Oct 28, 2026 1:58 PM ET
Bending Spoons (BENSPO) approx US$1.8bn (up from $1.5bn) equiv (US/EUR) 144A/Reg S sr sec notes 2-part. Ba3/BB-/BB+ (stable/stable/stable). Via JPM (B&D US$)/BNP (B&D EUR) + others. No reg rights. List Lux (Specialist Securities Segment). NY law. Canadian sales: Alberta, BC, Ontario & Quebec. Settles 11/04 (T+5).
- EUR500m (up from $500m equiv) sr sec notes due 01/31/32 (5.25y). NC2 (10/31/28) (MWC B+50bp), then at 104.313 10/31/28, 102.156 10/31/29, 100 10/31/30. Equity claw: 2y 40% at 108.625. Special call: 10% per year the 1st 2 years at 103. Via BNP (B&D EUR)/GS/JPM/UniCredit/HSBC/IMI jt global coords/Akros/Citi/MUFG/WFS jt physical books. CoC at 101. Pays January 31 and July 31, starting 07/31/27. Denoms: 100kx1k. 144A Common Code: 354882922. 144A ISIN: XS3548829228. Reg S ISIN: XS3548828840. IPT: Low 9s. Price talk: 8.75%-9.00%. Launched: E500m at 8.625%. Priced: 8.625% at 100. +548bp vs DBT 0.0% due 02/15/32.
- US$1.25bn (up from US$1bn) sr sec notes due 01/31/32 (5.25y). NC2 (10/31/28) (MWC T+50bp), then at 104.813 10/31/28, 102.406 10/31/29, 100 10/31/30. Equity claw: 2y 40% at 109.625. Special call: 10% per year the 1st 2 years at 103. Via JPM (B&D US) sole global coord/Allen/Akros/BNP/Citi/GS/HSBC/IMI/MUFG/UniCredit/WFS jt physical books. CoC at 101. Pays January 31 and July 31, starting 07/31/27. Denoms: 200kx1k. 144A CUSIP: 081933AA1. 144A ISIN: US081933AA18. IPT: Low 10s. Price talk: 9.75%-10.00%. Launched: $1.25bn at 9.625%. Priced: 9.625% at 100. +478bp vs UST 4.75% due 10/31/31.
US$300m upsize for GC. Did an investor call at 10am NYT / 2pm UKT 10/27 (also previously did a roadshow (virtual small group meetings) 10/21-22). Books closed at 2:30pm UKT / 10:30am NYT 10/28. (Originally pricing 10/29). UOP: fund future acquisitions and GCP (US$300m upsize for GCP). Biz: A leading technology company owning and operating dozens of digital businesses, including Airtable, AOL, Brightcove, Eventbrite, Miro, Tractive, Vimeo, and WeTransfer. HQ: Milan, Italy.
Netroadshow link: www.netroadshow.com/nrs/home/#!/?show=630762e2. Entry code: Bendingspoons2026.
GIC registration link: https://www.netroadshow.com/events/login/1PeTHmoj9r9cfJhDxgpmuE9yHvuMwuESw09pO