Commentary & Deal Flow

Mobilux Finance SAS (MOBLUX) EUR500m 144A/Reg S sr sec notes due 2028 (7y). NC3 (50%,25%,par). Expect B3/B/B. Via BNP sole gloco and physical books/Barc/BofA/CA/DB/GS/ING/RBC jt books. No reg rights. List Lux. NY Law.

IPT: mid-high 4s.

Roadshow Mon-Weds (Investor call at 10:30am UKT Mon). Roadshow ends tomorrow morning. pricing tomorrow. UOP: refinance its existing $380m 5.50% sr sec 1st lien notes due 11/15/24 (callable at 101.375), fund distribution to shareholders. Equity sponsor/owner: CD&R (50%) and WM Holding (XXXLutz Group) (50%). Biz: leading home equipment retailer in France. HQ: Emerainville, France.