Related Issuers
by Stephen Carter
Oct 09, 2024 1:33 PM ET
United Group BV (ADRBID) EUR750m (up from EUR700m) 144A/Reg S sr sec notes due 10/31/31 (7y). NC3 (MWC B+50bp), then at 103.25, 101.625, 100. Equity claw: 3y 40% at 106.50. Special call: 10% per year the first 3 years at 103. (Existing B2)/B (--/positive). Via JPM (B&D) sole physical books/BNP/Citi/CA/DB/GS/IMI/ING/KKR/Mizuho/MS/RBI/UniCredit jt glocos and jt books. No reg rights. List ISE.NY law. CoC at 101. Settles 10/21. Reg S ISIN: XS2919880679. IPT: mid 6s. Price talk: 6.375%-6.50%. Final terms: EUR750m at 6.50% yield.
Priced: 6.50% at 100. +441bp vs DBR 0.00% 08/15/31.
Roadshow 10/09 (investor call 10am UKT 10/09). Books closed at 3:30pm UKT 10/09. UOP: redeem its EUR600m 3.125% sr sec notes due 02/151/26 (callable at 100), and to partially pay down EUR140m (up from EUR90m) of the EUR200m drawn on its super sr revolver. Equity sponsor: BC Partners. Biz: leading telco and media player in Southeastern Europe (Bulgaria, Serbia, Slovenia, Croatia, Bosnia & Herzegovina, Montenegro and Greece). HQ: Amsterdam, Netherlands.
Investor call registration: https://www.netroadshow.com/events/login?show=cfa599e6&confId=72141; Netroadshow: https://www.netroadshow.com/nrs/home/#!/?show=afcc3e0c (entry code UG24).