Commentary & Deal Flow

Mobilux Finance SAS (MOBLUX) EUR250m 144A/Reg S sr sec notes due 2030 (6y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the 1st 2 years at 103. B2/B+/BB- (stable/stable/stable). 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.

Px talk: 7.00%-7.25%.

Roadshow 04/29-30 (investor call at 11:30am UKT 04/29). Books close at 2:30pm UKT today. Pricing today UK afternoon. UOP: along with EUR80m cash on hand, to refinance Conforama's EUR238m PGE loan, fund EUR32m 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.