Commentary & Deal Flow

Goldstory SAS (Thom Group) EUR600m 144A/Reg S sr sec notes 2-part. Expect B2/B. Via JPM (gloco (B&D)/BNP/ING/Socgen joint books. List Lux. NY law.

    - EUR TBD fixed rate notes due 2026 (5y). NC2 (50%,25%,par).

    - EUR TBD FRN due 2026 (5y). NC1 (101,par).

Investor call at 11:30am today. Virtual 1x1 meetings through Weds. Pricing Thurs. UOP: along with the equity contribution and cash on the balance sheet, to pay the purchase price of the acquisition, and repay the TLB. Biz: Leading pan European retailer of affordable precious jewelry. HQ: Paris, France