Commentary & Deal Flow

In the Nordic market: MGI - Media and Games Invest SE (MEDGAM) EUR225m (from EUR200-225m and EUR200m) sr sec FRN due 03/24/27 (4y). NC2 (par + 50.0%/37.5%/25.0%/12.5% of the margin on or after 24/30/36/42 months). Prior to the First Call Date (24 months), the redemption price will be par + 50% of the Margin + the sum of all remaining interest payments up to the First Call Date. Not rated. Via Pareto gloco/Nordea jt books. List NOMX Stockholm, Frankfurt. Swedish law. Quarterly pay. Settles 03/24. ISIN: SE0019892241. IPT: 3mE+700-725bp (0% EURIBOR floor). Guidance: IPT: 3mE+700-725bp (0% EURIBOR floor), WPIR.

Final terms: EUR225m at 3mE+725bp (0% EURIBOR floor).

Roadshow began Tues (03/07). Books close at 5pm CET today. Pricing tomorrow. UOP: GCP, including investments, capex, and acquisitions, and to fund the partial buy-back of its EUR235m sr sec FRN due 11/27/24 (ISIN SE0015194527) at 102.875. Holders participating in the new issue will be offered priority in the Buy-Back. Biz: provides digital media advertising services via an ad-software platform that matches global advertiser demand with publisher ad-supply, as well as its own digital games content. HQ: Stockholm, Sweden.