Commentary & Deal Flow

Alexandrite Monnet UK Holdco plc (Befimmo) (BFIMMO) EUR350m 144A/Reg S sr sec notes due 2029 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the 1st 2 years. NR/B+/BB- (--/stable/stable). Via BNP/DB (B&D) jt glocos/ING jt books. No reg rights. List ISE. NY law. IPT: high 10-11%.

Px talk: 10.50%-10.75%.

Roadshow 05/02-05/07 (investor call at 11:30am UKT 05/02). Books close at 2pm UKT today. Pricing today UK afternoon. UOP: along with EUR160m equity injection, to repay the remaining EUR500m of the original EUR530m bridge loan, incurred to fund the acquisition of Befimmo SA by Brookfield Corp. Biz: a B-REIT. It is BeLux's largest owner and operator of working space facilities with a high-quality portfolio consisting of 36 offices in Brussels and other prime cities in Belgium and Luxembourg. HQ: Brussels, Belgium. (Acquisition announced 02/25/22, completed 01/04/23). https://www.netroadshow.com and enter the requested entry code: Tint24 (not case-sensitive).