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by Stephen Carter
Dec 06, 2023 12:40 PM ET
Loxam SAS (LOXAM) EUR600m 144A/Reg S sr sec notes due 05/31/29 (5.5y). NC2 (MWC B+50bp), then at 103.188, 101.594, 100. Equity claw: 2y 40% at 106.375. NR/BB- (--/stable). Via DB (B&D)/BofA/BNP/CA/JPM/Natixis jt books. No reg rights. List Lux. NY law. Pays June 15 and Dec 15, starting 06/15/24. Settle 12/20 (T+10). Reg S ISIN: XS2732357525. Px talk: 6.50% area.
Priced: 6.375% at 100. +428bp vs DBR 0.00% 08/15/39.
Roadshow Tues-Weds (investor call at 9am UKT Tues). Books closed at 2pm UKT today. UOP: redeem its EUR598.449m 3.25% sr sec notes due 01/14/25 (callable at 100). Biz: the largest European Equipment-rental group for the construction, industrial, public works, services and events & media sectors. HQ: Paris, France.