Commentary & Deal Flow

Golden Goose SpA (GOLGOO) EUR480m (EUR470m net proceeds) 144A/Reg S sr sec FRN due 05/14/27 (6y). NC18mos (11/14/22) (MWC B+50bp), then at 100. B2/B-/B+ (stable/stable/stable). Via GS (B&D)/CS jt physical books/Barc/BofA/IMI jt books. No reg rights. List Lux and Vienna. NY law. Settles 05/14 (T+5). Reg S ISIN: XS2342638033. Final px talk: E+500bp area (0% floor) at 98.00 OID.

Priced: 3mE+487.5bp (0% floor) at 98.00.

Did investor call at 10am UKT 05/04, roadshow 05/04-07. Books closed at 11:30am UKT today. UOP: along with cash on hand to repay the EUR470m bridge facility incurred to fund the acquisition of Sneakers Maker SpA on 06/16/20 by Permira. Biz: a global luxury fashion brand specialized in the sourcing, design and distribution of a "total look" product offering, primarily consisting of footwear and, in particular, sneakers, but also including ready-to-wear apparel as well as bags and other accessories. HQ: Milan, Italy.