Related Issuers
by Stephen Carter
Feb 19, 2020 3:11 PM ET
Corrects underwriting groups: Silgan Holdings Inc (SLGN) approx USD750m equivalent (EUR/USD)144A/Reg S sr notes 2-part. Ba3/BB-. Via BAML+. W/reg rights. Del 02/26 (T+5).
- USD200m add-on to its 4.125% due Feb 01, 2028 (8y). NC2.6 (Oct 01, 2022) (MWC T+50bp), then at 102.063, 101.031, 100. Equity claw: 2.6y 35% at 104.125. Via BAML/WFS/Mizuho/JPM/SMBC Nikko/GS joint books, Rabo, TD, BMO, CapOne, MUFG, UniCredit, CIBC, PNC, Scotia, JMS as co-managers.
144A CUSIP: 827048AV1. Immediately 144A fungible (Reg S after 40 days) with the original USD400m issue priced 11/04/19. IPT 99.00. Px talk: 99.25-99.50. Priced: 4.125% at 99.50, yield 4.200%. +269bp vs 2.25% 11/15/27.
- EUR500m due June 01, 2028 (8.25y). NC3 (March 01, 2023) (MWC B+50bp), then at 101.125, 100.563, 100. Equity claw: 3y 35% at 102.25. Via BAML/WFS/Mizuho/JPM/SMBC Nikko/GS joint books, Rabo, TD, BMO, CapOne, MUFG, UniCredit, CIBC, PNC, DZ, RBI as co-managers. Reg S ISIN: XS2124981577. IPT 2.50%-2.75%. Px talk: 2.375% area. Final terms: EUR500m at 2.25%. Priced: 2.25% at 100. +276bp vs DBR 0.25% 08/5/28
Did investor call today at 10am NYT / 3pm UKT. Books closed: USD at 1pm today, EUR at 5pm UKT today. (Orignally pricing tomorrow). UOP: repay a portion of its $766m U.S. A term loans. Biz: a supplier of rigid packaging for consumer goods products. HQ: Stamford, CT.