Commentary & Deal Flow

Assemblin Financing AB (publ) (ASSEMB) EUR100m 144A/Reg S add-on to its sr sec FRN due 05/15/25 (4.25y). Callable at 101, then 100 on 12/01/21. B2/B (stable/stable). Via DB/Nordea joint books. No reg rights. Floats/pays quarterly 3mE+500bp (0% floor). List Channel Island. NY law. Settles 02/11  (T+10). Temporary Reg S ISIN: XS2295692441. The original EUR20m issue priced 11/29/19. Px talk: 99.75-100.00.

Priced: 3moE+500bp (0% floor) at 100.

Did investor call at 10am UKT today. Books closed at 2pm UKT today. UOP: along with EUR20m equity investment from its sponsor Triton, to fund the acquisition of Fidelix, and GCP. Biz: provider of complete installation services (electricity, sanitation and ventilation) in the Nordic region. HQ: Stockholm, Sweden.