Related Issuers
by Stephen Carter
Jun 27, 2023 6:10 AM ET
SCIL IV LLC/SCIL USA Holdings LLC (Polynt) (PLYIM) EUR300m 144A/Reg S sr sec notes due 2028 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Specialty claw: 10% per year the 1st 2ys at 103. B1/(existing BB-) (stable/--). Via JPM (B&D)/GS jt glocos and physical books. No reg rights. List ISE. NY law.
IPT: low-to-mid 9s.
Roadshow Mon-Weds (investor call at 11am UKT Mon). Pricing Thurs. UOP: along with EUR183.7m cash cash on hand, to fund a EUR473.7m dividend. Equity sponsor: Black Diamond Capital Management. Biz: Leading composites and coatings technology producer. HQ: Scanzorosciate, Italy.