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Commentary & Deal Flow

NEW ISSUE: Casino E425m 6NC2 sr notes, IPT 5.50%a, pxg this week

HYC European Market: Deal Flow - General

Casino Guichard-Perrachon SA (COFP) EUR425m Reg S sr notes due April 2027 (6y). NC2 (MWC B+50bp. 50%,25%,par). Equity claw: 2y 40%. Expect Caa1/B. Via BNP/JPM jt glocos and pysical books/CA/HSBC jt t glocos/Citi/CS/GS/Natixis/Santander jt books. List Lux. NY Law.

IPT: 5.50% area.

Investor call at 11am UKT today. Virtual meetings through tomorrow (term loan launched 03/22). UOP: along with EUR800m sr sec term loan B (rated B2/B) due Aug 2025 via CS/GS+, to fully redeem its existing EUR1.225bn term loan B due Jan 2024. Biz: operates hypermarkets, supermarkets and convenience stores in Europe and Latin America. HQ: Saint-Etienne, France.