Related Issuers
by Stephen Carter
Dec 07, 2022 8:39 AM ET
Intrum AB (publ) (INTRUM) EUR450m (up from EUR400m and EUR300m minimum) 144A/RegS sr unsec due 2028 (5.25y). NC2 (MWC B+50bp) (50%,25%,100). Equity claw: 2y 40%. (expect Ba3/BB)/BB (--/--/negative). Via Citi/GS (B&D)/SEB jt glocos/physical books/BNP/IMI/JPM/Nordea/CS/Danske/DB/DNB/MS/NatWest/Nykredit/Swedbank jt books. No reg rights. List Lux. NY Law. Semi pay. IPT: 10.00%-10.25% yield (including 2-3 pts OID).
Final terms: EUR450m 9.25% at 97.020, yield 10.00%.
Virtual fixed income investor meetings Mon-Weds (global investor call 10:30am UKT Mon). Books close at 2:30pm UKT today. Pricing today UK afternoon. GS coordinated international logistics and SEB coordinated Nordic logistics. 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.