Commentary & Deal Flow

Jerrold Finco Plc (Together Financial Services Ltd) GBP100m 144A/Reg S add-on to its 4.875% sr sec 1st lien notes due 01/15/26 (4.25y). NC2mos (01/15/22) MWC G+50bp), then at 102.4375, 101.21875, 100. Existing NR/BB-/BB-. Via Citi (B&D)/HSBC joint physical books/Barc/CS/GS/JPM jt books. No reg rights. List Intl Stock Exchange or Euronext Dublin. NY law. Reg S ISIN: XS2112899021. Immediately fungible with the GBP435m issue priced 01/30/20. IPT: 100-100.25.

Px talk: 100.25-100.50.

Did investor call a 11am UKT today. Books close at 3pm UKT today. Pricing today UK afternoon. . UOP: GCP, including the repayment of revolver. Biz: specialist mortgage and secured loan provider in the UK. HQ: Cheadle, Cheshire, UK.