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Commentary & Deal Flow

Related Issuers

NEW ISSUE: Parts Europe E350m 6NC1 sr sec FRN, IPT E+450-475bp, on the road

HYC European Market: Deal Flow - General

Parts Europe SA (AUTODI) EUR350m 144A/Reg S sr sec FRN due 2027 (6y). NC1 (101, par). Expect B3/B-. Via BNP (physical books, B&D)/Barc/GS jt books. No reg rights. List ISE. NY law.

IPT: E+450-475bp.

Roadshow Mon-Weds (investor call at 2pm UKT today). UOP: repay its EUR304m E+437.5bp FRN due 05/01/22 (callable at 100), repay PGE facility, GCP. Equity sponsor: Bain. Biz: omni-channel distributor serving the automotive independent aftermarket with leading positions in key western continental European markets. HQ: Arcueil, France.