Commentary & Deal Flow

Priced in the Nordic market: Georg Jensen A/S (GEORGJ) EUR40m sr sec FRN due 05/14/25 (2.25y). NC1 (MWC), then 102.625, 101.75, 100.875, 100 after 12, 16, 20 months (par call the last 3 months). Via DNB sole. Floats pays quarterly Feb 14, May 14, Aug 14, Nov 14, starting 05/14/23 (Act/360). List Stockholm. Danish law. Settles 02/14. ISIN: SE0019761560. IPT of 3mE+725-750bp. Price guidance 3mE+700-725bp.

Priced: 3mE+700bp (0% floor) at 100.

Roadshow began 01/31. Books closed at 3pm 02/02. Books above EUR90m at IPT. UOP: redeem its existing EUR40m sr sec FRN due 05/15/23 at 100 (existing bondholders may exchange their existing bonds for bonds in the bond issue). Biz: designs, crafts and retails jewelry and housewares. HQ: Frederiksberg, Denmark.