Related Issuers
by Stephen Carter
Jan 23, 2025 3:53 PM ET
ContourGlobal Power Holdings SA (CONGLO) approx EUR990m (up from EUR940m) equivalent (EUR/US$) 144A/Reg S green sr sec notes two-part. NR/BB/BB+ (--/stable/stable). Via GS/KKR jt glocos + others. No reg rights. List ISE. NY law. CoC at 101. Settles 02/06 (T+10). EUR50m upsize for cash on the B/S.
- EUR500m due 02/28/30 (5y). NC2 (02/25/27) (MWC B+50bp), then at 102.50, 101.25, 100. Equity claw: 2y 40% at 105.00. Special call: 10% per year the 1st 2 years at 103. Via GS (B&D)/KKR jt glocos/BNP/HSBC/ jt physical books/CA/Mizuho jt books. Reg S ISIN: XS2988562554. Price talk: 5.25% area. Final terms: EUR500m at 5.00%. Priced: 5.00% at 100. +271bp vs DBR 0% 02/15/30.
- US$510m due 02/28/30 (5y). NC2 (02/15/27) (MWC T+50bp), then at 103.375, 101.6875, 100 . Equity claw: 2y 40% at 106.75. Special call: 10% per year the 1st 2 years at 103. Via GS (B&D)/KKR jt glocos and physical books/BNP/CA/HSBC/Mizuho jt books. 144A CUSIP: 21220LAB9. Price talk: 6.875% area. Final terms: US$510m at 6.75%. Priced: 6.75% at 100. +228bp vs 4% 02/28/30.
Roadshow 01/20-23 (investor calls: EMEA 11am UKT 01/20; Global 3pm UKT / 10am NYT 01/21). Books closed: EUR at 11:30am UKT 01/23, US$ 5pm 01/22. EUR confirmation were due by 4pm 01/23. UOP: redeem its EUR410m sr sec notes due 01/01/26 (callable at 100) and partially repay approx EUR500m equivalent of its 5y Midco credit facilities. and eligible green projects (EUR50m upsize for cash on the B/S). Equity sponsor: KKR. Biz: a U.K. listed developer and operator of wholesale electric power generation businesses. HQ: London, UK.
Netroadshow link: https://urldefense.com/v3/__ht...*!/?show=b7e5be05__;Iw!!O2kDR7mm-zSJ!sjmzXkn118Vh78bVmSwm1WcXl_3nWKA9QQQ114JudojzKYvCl5ZVfQBN07MvDSA5EfRKkmf8wGLhj8o$ (access code Telemachus2024).