Commentary & Deal Flow

Verisure Holding AB (publ) (VERISR) EUR300m (minimum) 144A/Reg S sr sec notes due 2030 (6y). NC2 (50%,25%, par). (Expect corporate ratings B1/B+ (positive/stable)). Via JPM (B&D) sole physical books/GS jt glocos/BNP/Citi/DB/MS/Nomura/Nordea jt books. No reg rights. List Lux.

IPT: high 5s.

Roadshow 1-on-1s today (investor call at 11am UKT today. UOP: Repay outstanding RCF drawings, refinance existing EUR800m TLB. Equity sponsors: Hellman & Friedman (59.4%), Eiffel (GIC) (21.7%), Alba (7.50%). Biz: Leading European provider of professionally monitored alarm systems, primarily for residential and small business customers. HQ: Geneva, Switzerland.