Commentary & Deal Flow

Intrum AB (publ) (INTRUM), rated Ba3/BB/BB (--/--/negative), has mandated Citi/GS (B&D)/SEB as jt glocos to arrange a series of virtual fixed income investor meetings, taking place from Mon, 05-Dec-2022 until Wed, 07-Dec-2022 (global investor call 10:30am UKT Mon). GS will coordinate international logistics and SEB will coordinate Nordic logistics.

A minimum EUR300m EUR-denominated, RegS/144A, 5.25yNC2 sr unsec bond issue is expected to follow, subject to market conditions. UOP: to refinance, in part, Intrum’s EUR900m 3.125% Senior Notes due 07/15/24 (callable at 100). Biz: provides credit management and financial services in Europe. HQ: Stockholm, Sweden.