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by Stephen Carter
Jul 11, 2024 1:41 PM ET
Rino Mastrotto Group SpA (RINOMS) EUR320m 144A/Reg S sr sec FRN due 07/31/31 (7y). NC1 (07/31/25) (MWC B+50bp), then at 100. B2/B/BB- (stable/stable/stable). Via BNP (B&D) physical books/IMI jt glocos/UniCredit jt books. No reg rights. List Lux. NY law. CoC at 101. Quarterly pay starts 10/31/24. Settles 07/22 (T+7). Reg S ISIN: XS2850686903. IPT: E+475-500bp at 98.50. Price talk: E+475bp at 99.00-99.50. Final terms: EUR320m E+475bp at 99.50.
Priced: 3mE+475bp at 99.50.
Did investor call at 2pm UKT 07/08, 1-on-1s 07/09-10. Books closed at 2:30pm UKT 07/11. UOP: repay existing EUR186m bank debt, fund a EUR124m distribution to shareholders. Equity sponsor: Neuberger Berman Renaissance (70%). Biz: leading supplier of high-quality leather and textile materials, for luxury and premium clients across the luxury fashion, automotive and interior design industries. HQ: Trissino, Italy. Evercall investor call link: https://evercall.co/oacc/82500, Deal Roadshow: https://dealroadshow.com/e/RMG...