Related Issuers
by Stephen Carter
Oct 30, 2024 6:20 AM ET
Transportes Aereos Portugueses SA (TAP) (TAPTRA) EUR350m 144A/Reg S sr notes due 2029 (5y). NCL (MWC B+50bp) (6mo par call). Ba3/BB- (stable/stable). Via JPM/MS (B&D) jt glocos/BofA/Citi jt books. No reg rights. List Dublin. NY law. CoC at 101.
Price talk: 5.25%-5.50%.
Roadshow (virtual group meetings) 10/28-29 (investor call at 11am UKT 10/28). Boks close at 2pm UKT 10/30. Pricing 10/30 UK afternoon. UOP: along with EUR106m cash on hand to redeem its EUR375m 5.625% sr notes due 12/01/24 (callable at 100), repay EUR76m Portuguese bank loan. Biz: the state-owned, leading airline in Portugal. HQ: Lisbon, Portugal.
GIC registration link: https://www.netroadshow.com/events/login?show=1b101a7c&confId=73015.