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Commentary & Deal Flow

IPT: OVHcloud E470m 6NC2 sr notes 5.25-5.50%, pxg tomorrow

HYC European Market: Deal Flow - General

OVH Groupe SA (OVHcloud) (OVH) EUR470m Reg S only sr notes due 2031 (6y). NC2 (50%,25%,par). Ba3/BB- (stable/stable). Via BNP (B&D)/JPM jt physical books/CA/HSBC/Natixis jt passive books, La Banque Postale, Scotia as co-managers. List Lux. NY law. CoC at 101. Settles T+5.

IPT: 5.25%-5.50%.

Roadshow 01/27-29 (investor call at 10am UKT 01/27). Pricing 01/29. UOP: along with a new EUR450m term loan, to refi EUR500m of existing term loan and EUR350m to fund share buyback. Biz: leading independent Europe-based cloud services provider. HQ: Roubaix, France.

Evercall GIC registration link: https://evercall.co/oacc/86969.

Deal Roadshow link:  https://dealroadshow.com/e/OME... (access code: OMEGA25).