Related Issuers
by Stephen Carter
May 23, 2023 11:34 AM ET
Motion Finco Sarl (Merlin Entertainments) (MERLIN) EUR700m (up from EUR650m) 144A/Reg S sr sec notes due 2030 (7y). NC3(50%,25%,par). B2/B+ (positive/stable). Via DB/BofA/Barc/HSBC/IMI/Mizuho/Santander/SMBC Nikko/ UniCredit jt books, BOC, Blackstone as co-managers. No reg rights. List ISE. NY law. Px talk: 7.50% area (+/-12.5bp).
Final terms: EUR700m at 7.375%.
Did investor call at 11am UKT yesterday. Q&A sessions yesterday-today. Books close at 4:45pm UKT (originally closing at 2:45pm UKT) today. Pricing today UK afternoon. UOP: Refinance its existing EUR500m 7.00% sr sec notes due 05/15/25 (callable at 101.75) and for cash on balance sheet to address existing secured maturities. Equity sponsors: KIRKBI (47.50%), Blackstone (32%) and CPPIB (18%). Biz: A global leader in branded, location-based family entertainment. HQ: Dorset, UK.