Related Issuers
by Stephen Carter
Oct 31, 2024 9:25 AM ET
Neinor Homes SA (HOMESM) EUR325m (up from EUR300m) 144A/Reg S green sr sec notes due 2029 (5.25y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. NR/(expect BB-)/BB- (--/--/stable). Via JPM (B&D)/SocGen/Santander jt physical books jt glocos/BBVA/DB/Kutxabank Investment jt books. No reg rights. List Dublin. NY law. IPT: mid-high 6s. Price talk: 6.25%-6.50%. EUR25m upsize for GCP, incl. land bank acq, co-investments or s/h remuneration.
Revised price talk: 6.00%-6.25%.
Roadshow (small group meetings) 10/29-31 (Investor call at 2:30pm UKT 10/29). Books close at 2pm 10/31. Pricing 10/31 UK afternoon. UOP: refinance EUR175m corporate loan, GCP, including land bank acquisitions, further co-investments (EUR25m upsize for GCP, incl. land bank acq, co-investments or s/h 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