Commentary & Deal Flow

Neinor Homes SA (HOMESM) EUR300m 144A/Reg S green sr sec notes due 2029 (5.25y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Via JPM (B&D)/SocGen/Santander jt physical books jt glocos/BBVA/DB/Kutxabank Investment jt books. No reg rights. List Dublin. NY law. Roadshow (small group meetings) 10/29-31. Investor call at 2:30pm UKT 10/29. UOP: refinance EUR175m corporate loan, GCP, including land bank acquisitions, further co-investments, or shareholder remuneration. Biz: residential home developer. HQ: Bilbao, Spain.

GIC registration link: https://www.netroadshow.com/events/login?show=4dedf556&confId=73023

https://www.netroadshow.com/nrs/home/#!/?show=8f9802ec, entry code: NH2024