Related Issuers
by Stephen Carter
Jan 07, 2025 6:07 AM ET
Kapla Holdings SAS (Kiloutou)
(KILOTO) EUR500m 144A/Reg S sr sec notes 2-part. B1/B+. Via CA (B&D FRN)/JPM (B&D fixed rate) jt glocos and physical books/BNP/Natixis/SocGen jt books. No reg rights.
- EUR TBD (EUR350m minimum) sr sec fixed rate notes due April 2031 (6.25y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. List Lux. NY law. CoC at 101.
- EUR TBD FRN due 07/31/30 (5.5y). NC1mo (02/05/25) (MWC B+50bp), then at 100. List Lux. NY law. CoC at 101. Reg S ISIN: XS2756269960. Immediately 144A fungible (Reg S after 40 days) with the original EUR650m issue priced 01/26/24. 3mE+350bp (0% floor).
Virtual roadshow 01/07-08 (investor call at 12pm UKT 01/07). UOP: refinance its EUR460m 3.375% sr sec notes due 12/15/26 (callable at 100), repay EUR19m drawn on its revolver, epay EUR14m sr term loan facility. Equity sponsors: HLD/Dentressangle. Biz: leading European B2B and B2C equipment rental provider. HQ: Villeneuve-d’Ascq, Lille, France.
Netroadshow: https://www.netroadshow.com/nrs/home/#!/?show=7bfb6809 (entry code: KILOUTOU).