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by Stephen Carter
Jan 22, 2025 5:30 AM ET
Elior Group SA (ELIOR) EUR500m Reg S sr notes due 2030 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. --/B+/B+ (--/stable/positive). Via BNP (B&D)/CA jt physical books/JPM/Natixis jt glocos/BBVA/CIC/GS/Rabo/SocGen jt books. List Lux. NY law. CoC at 101. Settles T+9. ISIN: XS2980875376. IPT: 6.25%-6.50%. Price talk: 6.00%-6.25%.
Revised price talk: 5.875% area (+/-12.5bp).
Roadshow (1-on-1s) 01/20-22 (investor call at 11:30am UKT 01/20). Books close at 11am UKT (revised from 10:30am UKT) 01/22. Pricing 01/22 UK afternoon. UOP: along with a EUR152m draw on a new EUR430m revolver and EUR91m cash on hand, to fund the tender offer for its EUR550m 3.75% sr notes due 07/15/26 (100 purchase price, BNP/CA dealer managers) and repay the EUR180m drawn on its existing revolver. Parent: Derichebourg SA (48.2%). Biz: leading intl player in contract catering and services. HQ: Paris, France.