Commentary & Deal Flow

Shiba BidCo SpA (Arcaplanet) EUR550m 144A/Reg sr secured notes due 2028 (7y). NC3 (50% / 25% / Par). Ratings TBC. Via DB (B&D) sole gloco/BofA/CACIB/IMI-Intesa Sanpaolo/Miz/Nomura/SG/UniCredit jt books. List Lux. New York Law. Global Investor Call: 01:00pm UKT / 02:00pm CET, 4th October 2021. Virtual Meetings: Monday 4th October - Wednesday 6th October. Pricing thereafter. UOP: (i) Partially fund the consideration payable in connection with the Arcaplanet Acquisition; (ii) refinance the existing credit facilities; and (iii) pay the fees and expenses incurred in connection with the Transactions. Biz: A leading omnichannel pet retailer and services specialist in Italy.