Related Issuers
by Stephen Carter
Jan 23, 2025 1:42 PM ET
Waga BondCo Lmited (Wagamama) (WAGABD) GBP330m 144A/Reg S sr sec notes due 06/15/30 (5.5y). NC2 (01/30/27) (MWC G+50bp), then at 104.25, 102.125 100. Equity claw: 2y 40% at 108.50. Special call: 10% per year the 1st 2 years at 103. B2/B (stable/stable). Via RBC (B&D)/UBS jt glcos and physical books/Lloyds/GS jt books, Apollo as co-manager. No reg rights. List ISE. NY law. CoC at 100. Settles 01/30 (T+5). Reg S ISIN: XS29820611702. IPT: 9.00%-9.25%. Price talk: 8.75%-9.00%. Final price talk: 8.625% area (+/- 0.125).
Priced: 8.50% at 100. +426bp vs UKT 0.375% 10/22/30.
Virtual roadshow 01/20-22 (Investor call 1pm UKT 01/20). Recommits were due and books closed at 11:00am UKT 01/23. UOP: repay BidCo debt (GBP300m unitranche facility and GBP10m drawn on its revolver) and GCP. Equity sponsor: Apollo. Biz: the leading pan-Asian casual dining operator in the UK with a broad intl presence. HQ: London, UK.
Netroadshow Link: https://www.netroadshow.com/nrs/home/#!/?show=7927f182