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by Stephen Carter
Aug 01, 2024 5:22 AM ET
Ocado Group plc (OCDLN) GBP350m 144A/Reg S sr fixed rate notes due 2029 (5y). NC2 (50%,25%,par). B3/NR/B- (stable/--/stable). Via BNP (B&D)/GS jt glocos and physical books/DB/JPM/NatWest jt books. No reg rights. List Dublin. NY law. CoC at 101. IPT: 10.50%-10.75%.
Price talk: 10.50%-10.75%.
Roadshow 07/30-08/01 (investor call at 10am UKT 07/30). Books close at 12pm 08/01. Pricing 08/01 UK afternoon. UOP: along with GBP250m 6.25% cvt sr notes due 2029, priced 07/30/24, to fund the tender offer for its GBP600m 0.875% gtd sr cvt notes due 12/09/25 (93.00 purchase price) and GBP500m 3.875% gtd sr notes due 10/08/26 (93.00 purchase price). Biz: a technology-led, global, software and robotics platform business, serving grocery retailers. HQ: Hatfield, UK.