Related Issuers
by Stephen Carter
Apr 30, 2024 6:13 AM ET
Verisure Holding AB (publ) (VERISR) EUR300m (minimum) 144A/Reg S sr sec notes due 2030 (6y). NC2 (MWC B+50bp) (50%,25%, par). Equity claw: 3y 40%. IPO call: at any time for whole or in part at 102. Special call: 10% per year the first 3 years at 103. B1/B+ (positive/stable). Via JPM (B&D) sole physical books/BofA/GS jt glocos/BNP/Citi/DB/MS/Nomura/Nordea jt books. No reg rights. List Lux. IPT: high 5s.
Price talk: 5.50%-5.75%.
Roadshow 1-on-1s 04/29 (investor call at 11am UKT 04/29). Books close at 12pm UKT today. Pricing today UK afternoon. UOP: Repay the EUR200m drawn on its revolver, repay a portion of its EUR800m TLB due July 2026 (the remainder will be amended and extended to 2030). Equity sponsors: Hellman & Friedman (59.6%), Eiffel (GIC) (21.8%), Alba (7.60%). Biz: Leading European provider of professionally monitored alarm systems, primarily for residential and small business customers. HQ: Geneva, Switzerland.