Related Issuers
by Stephen Carter
Nov 04, 2021 8:58 AM ET
SIG plc (SHILN) EUR300m 144A/Reg S 1st lien sr sec notes due 2026 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. B1/B+ (stable/stable). Via HSBC (B&D)/Barc jt glocos/BNP/Lloyds/NatWest jt books. No reg rights. List ISE. NY law. IPT: mid 5s.
Px talk: 5.375% area.
Roadshow Mon-Weds (investor call at 12pm UKT Mon). Books close at 3pm UKT today. Pricing today UK afternoon. UOP: refi debt (GBP131m of private placement notes and GBP70m of term loans), and GBP31.4m GCP. Equity sponsor: CD&R. Biz: leading supplier of specialist building products (including insulation, roofing and commercial interiors) to trade customers across Europe. HQ: Sheffield, UK.