Related Issuers
by Stephen Carter
Feb 03, 2020 1:55 PM ET
Banijay EUR1.29bn (up from EUR1.25bn) equivalent (EUR/USD) 144A/Reg S 3-part. Via DB (B&D USD sr sec and EUR sr notes)/Natixis (B&D, pot-style, EUR sr sec)/SocGen joint glocos/joint books, BNP/BofA passive books. No reg rights. List ISE. NY Law.
- EUR525m Banijay Entertainment SAS sr sec notes due Feb 2025 (5y). NC2. B1/B/B+ (stable/stable). IPT low 4s. Px talk: 3.75%-4.00% (unchanged).
- USD402m (up from EUR325m equivalent (USD360m) Banijay Entertainment SAS sr sec notes due Feb 2025 (5y). NC2. B1/B/B+ (stable/stable). IPT 6.25%-6.50%. Px talk: 5.75% area. Revised px talk: 5.50% area. USD40m switched from the USD term loan B to the USD sr sec notes.
- EUR400m Banijay Group SAS sr notes due Feb 2026 (6y). NC2.5. Caa1/CCC+/CCC+ (stable/stable/stable). IPT mid 7s. Px talk: 6.50%-6.75% (unchanged).
Roadshow Jan 22-31 (Jan 22-24 London West End/London City/Paris, Jan 28-31 NY/Boston/West Coast). Books close: USD 4pm NYT Feb 03, EUR 11am UKT Feb 04. Pricing Feb 04. UOP: along with EUR503m and USD460m (down from EUR450m equivalent (US$500m) sr sec term loan B, to fund the acquisition of Endemol Shine from Walt Disney and Apollo Global and repay debt, refi consideration paid for Bear Grylls acquisition. Shareholders - LDH (CEO Stephane Courbit) and Vivendi - will contribute EUR275m new equity. Biz: independent Media content creator. HQ: Paris, France. (Acquisition announced 01/26/19).