Commentary & Deal Flow

SIG plc (SHILN) EUR300m 144A/Reg S 1st lien sr sec notes due 2029 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. B3/B (negative/stable). Via HSBC (B&D) sole gloco and physical books/Barc/BNP/Lloyds/NatWest jt books. No reg rights. List ISE. NY law. CoC at 101. Roadshow 10/14 (virtual)-10/15 (London) (investor call at 11:30am UKT 10/14). UOP: fund the tender offer for its EUR300m 5.25% sr sec notes due 11/30/26 (EUR1,000 purchase price, dealer managers HSBC/Barc/BNP/Lloyds/NatWest). Equity sponsor: CD&R (29%). Biz: leading supplier of specialist building products (including insulation, roofing and commercial interiors) to trade customers across Europe. HQ: Sheffield, UK. NetRoadshow link: netroadshow.com/nrs/home/#!/?show=4f5cf774.