Commentary & Deal Flow

CPUK Finance Limited (Center Parcs) (CPKLN) GBP255m Reg S class B6 fixed-rate secured notes due Aug 2027 (6.25y). NC2 (50%,25%,par). NR/B-/B (--/negative). Via Barc (B&D)/HSBC jt glocos and books. List ISE. Engish law.

IPT: 5.00% area.

Investor call at 1:30pm UKT today, 1x1 calls today-tomorrow. UOP: redeem its remaining GBP250m 4.125% class B3 notes due 08/28/22 (callable at 101.063). Equity sponsor: Brookfield Asset Management. Biz: Leading short-break holiday provider in the UK (Center Parcs). HQ: New Ollerton, Newark, Nottinghamshire, UK.