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by Stephen Carter
Oct 29, 2024 4:44 PM ET
Takko Fashion GmbH (TAKFAS) EUR350m 144A/Reg S sr sec notes due 04/15/30 (5.5y). NC2 (10/15/26) (MWC T+50bp), then at 105.125, 102.5625, 100. Equity claw: 2y 40% at 110.25. Special call: 10% per year the first 2 years at 40%. B3/B-/BB- (stable/stable/stable). Via DB (B&D)/UniCredit jt physical books/GS jt books. No reg rights. List ISE. NY law. CoC at 101. Settles 11/07 (T+7). Reg S ISIN: XS2921539883. Price talk: 10.50%-10.75%. Revised price talk: 10.25%-10.50%.
Priced: 10.25% at 100 +815bp vs DBR 0.00% 02/15/30.
Roadshow (virtual) 10/24-25 (Investor call at 2pm 10/24). Books closed at 1pm UKT 10/29. Reconfirms were due by 3:30pm UKT 10/29. UOP: repay debt (EUR66m super se facilities and $308m sr sec facilities) . Equity sponsor: Silver Point Capital (95.76%). Biz: leading European quality discounter in fashion retail. HQ: Telgte, Germany.
RSP & Red OM Link: FINAL LINK: www.netroadshow.com/nrs/home/#!/?show=8f1275ca, Deal entry code: TAKKO24.
Investor call: https://www.netroadshow.com/events/login?show=814a52aa&confId=72881