Related Issuers
by Chris Reich
Nov 30, 2023 10:15 AM ET
TAV Havalimanlari Holding (TAVHL), exp B+/BB by S&P/Fitch, inaugural US$400m 144A/Reg S 5nc2 sr notes due 12/7/28. MWC T+50 until 12/7/25. Standard call: callable from year 2 at par +50%, year 3 at par +25%, year 4 at par. 101 CoC. BofA (B&D)/BNP/Citi joint books. TAV is an airport operator in EMEA and #1 in Turkiye for international O&D passengers, with a diversified portfolio of 15 airports in 8 countries and a service footprint spanning 108 airports globally. Pricing 11/30. Settle 12/7.
IPTs: 9% area.
GUIDANCE: 8.625-8.75%.
LAUNCHED: $400m 5nc2 at 8.50%.