Related Issuers
by Stephen Carter
May 30, 2024 11:44 AM ET
PLT VII Finance Sarl (Bite) (BITELV) EUR920m 144A/Reg S sr sec two-part. B2/B/B+ (stable/positive/positive). Via Citi/DB (B&D) jt glocos and physical books/HSBC/ING/JPM/Swedbank/UniCredit jt books. No reg rights. List ISE. NY law. Settles 06/13 (T+10).
- EUR500m (up from EUR350m minimum) FRN due 06/15/31 (7y). NC1 (MWC B+50bp), then at 100. Reg S ISIN: XS2834245297. Px talk: E+350-375bp at par. Final terms: EUR500m E+350bp at par. Priced: 3mE+350bp at 100.
- EUR420m (up from EUR350m minimum) fixed-rate notes due 06/15/31 (7y). NC3 (MWC B+50bp), then at 103.00, 101.50, 100. Equity claw: 3y 40% at 106.00. Special call: 10% per year the first 3 years at 103. Reg S ISIN: XS2834242435. Px talk: 5.75%-6.00% coupon at par. Final terms: EUR420m 6.00% at par. Priced: 6.00% at 100. +340bp vs DBR 0.00% 08/15/31.
Roadshow (small group meetings) Tues-Thurs (investor call at 10:30am UKT Tues). Books closed at 12pm UKT today. UOP: along with EU22m cash on hand, to redeem its existing notes (EUR250m sr sec FRN due 01/05/26 (callable at 100) and EUR475m 4.625% sr sec notes due 01/05/26 (callable now at 101.156 and on 07/15/24 at 100)), make a EUR200m distribution to shareholders. Equity sponsor: Providence Equity. Biz: a leading converged mobile, fixed broadband, Pay TV and media player in the Baltics. HQ: Vilnius, Lithuania.
NetRoadshow: www.netroadshow.com/nrs/home/#!/?show=01655346, or visit www.netroadshow.com and enter the requested entry code: Bite24 (not case-sensitive).