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,

Px talk: 4.75% area.

Did investor call at 1:30pm UKT yesterday 1x1 calls yesterday-today. Books close at 10am UKT tomorrow (Weds). Pricing 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.