by Stephen Carter
Nov 19, 2024 11:50 AM ET
Iliad Holding SAS (ILDFP) approx EUR1.4bn equivalent (EUR/US$) 144A/Reg S sr sec notes 2-part. Existing B2/B+/BB-. Via BNP (EUR B&D)/CA/JPM (US$ B&D)/SocGen jt active glocos and books/BofA/CIC/Citi/GS/Helaba/Mizuho/Natixis/RBI/SMBC Nikko/Unicredit jt books. No reg rights. List ISE. NY law. 30/360 day count. Settles T+9 (12/09).
- EUR600m (from EUR500m minimum) due April 2030 (5.5y). NC2 (Dec 2026) (50%,25%,par). Special call: 10% per year the 1st 2 years at 103. IPT 5.50%-5.75%. Price talk: 5.50% area (+/- 12.50bp). Final terms: EUR600m 5.375%.
- US$850m (from US$500m minimum) due April 2032 (7.5y). NC3 (Dec 2027) (50%,25%,par). Special call: 10% per year the 1st 3 years at 103. IPT: 7.25% area. Price talk: 7.00% area (+-/- 12.5bp). Final terms: US$850m at 7.00%.
Roadshow (1x1s upon request) 11/18 (investor call 3:30pm UKT/10:30am NYT 11/18). Books closed at 3:30pm UKT / 10:30am NYT 11/19. Pricing 11/19. UOP: redeem its remaining US$700m 6.50% sr sec notes due 10/15/26 (callable at 101.625) and EUR700m 5.125% sr sec notes due 10/15/26 (callable at 101.281). Iliad Holding SAS is 100% owned by Xavier Niel. Biz: a leading European telecom provider, offering fixed internet access in France and Poland, and mobile internet access in France, Italy and Poland. HQ: Paris, France.
Deal Roadshow: https://dealroadshow.com. Access code: ILIADNOV24; Evercall GIC registration link: https://evercall.co/oacc/40119.