Related Issuers
by Stephen Carter
Sep 19, 2023 6:39 AM ET
Cheplapharm Arzneimittal GmbH (CHEPDE) EUR300m 144A/Reg S add-on sr sec notes two-part. B2/B+/BB- (stable/stable/stable). Via DB/JPM (B&D) jt glocos and books. No reg rights. List ISE. NY law. Immediately 144A fungible (Reg S after 40 days) with the issue priced 04/26/23 (EUR425m fixed and EUR325m floater).
- EUR250 minimum add-on to its 7.50% sr sec fixed rate notes due 05/15/30 (6.5y). NC2.5 (05/15/26) (MWC B+50bp), then at 103.75, 101.875, 100. Equity claw: 2.5y 40% at 107.50. Special call: 10% per year the first 2.5 years at 103. Semi pay starting 11/15/23. IPT: 100 area (+/-0.25%). Px talk: 100.50 area (+/- 0.25 point).
- EUR TBD add-on to its sr sec FRN due 05/15/30 (6.5y). NC0.5 (05/15/24) (MWC B+50bp), then at 101, 100. Floats/pays quarterly starting 11/15/23. 3mE+475bp (0% floor). IPT: 100 area (+/-0.25%). Px talk: 100.50 area (+/- 0.25 point).
Did investor call at 11am UKT yesterday. Books close at 1:30pm UKT today. Pricing today UK afternoon. UOP: GCP. Biz: specialty pharmaceuticals. HQ: Greifswald, Germany.