Commentary & Deal Flow

Emerging Market: InPost SA EUR390m 144A/Reg S sr notes due 2027 (6y). NC2 (50%,25%,par). Expect mid-BB. Via BNP/JPM/Bank Pekao jt glocos and physical books. No reg rights. List ISE. NY law. Investor call at 11am UKT today, virtual roadshow Mon-Weds. UOP: finance the acquisition of Mondial Relay for EUR565m, pay down revolver, cash on the B/S. Biz: a leading e-commerce logistics platform in Poland and France (post the acquisition). HQ: Krackow, Poland. (Acquisition announced 03/15/21).