Commentary & Deal Flow

CPUK Finance Limited (Center Parcs) (CPKLN) GBP330m Reg S class B7 fixed-rate secured notes due 2029 (5y). NC2 (50%,25%,par). Expect NR/B/B. Via Barc (B&D) sole physical books/HSBC/NatWest jt glocos and jt books. List ISE. English law.

IPT: 8.00%-8.25%.

Roadshow today-tomorrow (investor call at 1:30pm UKT today). UOP: redeem its GBP250m 4.875% class B4 notes due 08/28/25 (callable at 100), and fund a shareholder distribution. Equity sponsor: Brookfield Asset Management. Biz: Leading short-break holiday provider in the UK (Center Parcs). HQ: New Ollerton, Newark, Nottinghamshire, UK.