Commentary & Deal Flow

Mobilux Finance SAS (MOBLUX) EUR250m 144A/Reg S sr sec notes due 2030 (6y). NC2 (50%,25%,par). Expect B2/B+/BB-. Via BNP (B&D)/BofA/CA jt glocos and physical books/Barc/DB/GS/ING/RBC jt books. No reg rights. List Lux. NY law.

IPT: low-mid 7s.

Roadshow today-tomorrow (investor call at 11:30am UKT today). UOP: refinancing of Conforama's PGE, fund minority share buyback. Equity sponsor/owner: CD&R (50%) and WM Holding (Lutz Group) (50%). Biz: leading home equipment retailer in France, operating the BUT and Conforama banners. HQ: Emerainville, France.