Related Issuers
by Stephen Carter
May 14, 2021 11:51 AM ET
Libra GroupCo SPA (Lutech) (LBRGRP) EUR275m 144A/Reg S sr sec notes due 05/15/27 (6y). NC2 (MWC B+50bp), then at 102.50, 101.25, 100. Equity claw: 3y 40% at 105.00. Special call: 10% per year the first 3 years at 103. B2/B (stable/stable). Via BNP (B&D)/DB jt glocos and jt physical books/IMI/NatWest/Nomura/Unicredit jt books. No reg rights. List Lux. NY law. Settles 05/24 (T+6). Reg S ISIN: XS2339830049. Px talk: 5.25% area. Final price talk: 5.125% area (+/-0.125%).
Priced: 5.00% at 100. +546bp vs DBR 0.25% 02/15/27.
Did investor call at 10:45am UKT 05/10, small group meeting 05/10-12. Books closed at 12pm UKT (originally closing at 11am UKT) today. UOP: to finance the acquisition of Lutech by Apax for EUR305m and refinance and cancel Lutech's existing EUR181m debt, and GCP. Biz: leading Italian provider or IT services and products. HQ: Cologno Monzese, Milan, Italy.