Commentary & Deal Flow

Libra Groupco SPA (Lutech) EUR275m 144A/Reg S sr sec notes due 2027 (6y). NC2 (50%,25%,par). (Expect B2)/B (--/stable). Via NBP/DB jt glocos and jt physical books/IMI/NatWest/Nommura/Unicredit jt books. No reg rights. List Lux. NY law. Investor call at 10:45am UKT today, small group meeting today-Weds. UOP: to finance the acquisition of Lutech by Apax and refinance and cancel Lutech's existing debt, and GCP.. Biz: leading Italian provider or IT services and products. HQ: Cologno Monzese, Italy.