Related Issuers
by Stephen Carter
Sep 07, 2023 6:23 AM ET
Banijay Entertainment SAS (BANIJA) EUR910m (EUR/USD) equivalent 144A.Reg S sr sec notes two-part due 2029 (5.5y). NC2 (MWC B/T+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. Expect B1/B+/BB-. List ISE. NY law. No reg rights. Settles T+5.
- EUR350m minimum. Via CA (physical)/Natixis (B&D, physical)/SocGen (physical)/BNP/DB jt glocos and jt books. IPT mid-high 7s.
- USD350m minimum. Via DB (B&D, physical)/BNP (physical)/CA/Natixis/SocGen jt glocos/GS jt books. IPT low-mid 8s.
Investor calls today-Monday (global investor call at 3:30pm UKT / 10:30am NYT today). UOP: redeem its EUR575m 3.50% sr sec notes due 03/01/25 (callable at 100.875) and USD348m 5.375% sr sec notes due 03/01/25 (callable at 101.344). Biz: independent content production company. It creates, develops, produces, sells, and distributes audio-visual content to broadcasters and streamers, through a global portfolio of production companies across 21 countries. HQ: Paris, France.