Related Issuers
by Stephen Carter
Feb 05, 2025 9:17 AM ET
doValue SpA (DOBIM) EUR300m 144A/Reg S sr sec notes due 2030 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. NR/BB/BB (--/stable/stable). Via Citi (B&D)/Mediobanca UniCredit (logistics) jt glocos and physical books, Equita as co-lead manager. No reg rights. List Lux. NY law. CoC at 101. IPT: high 7s-8%. Price talk: 7.50%-7.75%. Revised price talk: 7.25%-7.50%.
Final terms: EUR300m 7.00% coupon to yield 7.125%.
Roadshow (virtual) 02/03-05 (investor call at 11am UKT 02/03). Books closed at 2pm UKT (from 12pm UKT) 02/05. Reconfirm orders by 3pm UKT 02/05. Pricing 02/05 UK afternoon. UOP: along with EUR7m cash on hand, to redeem its EUR296m 3.375% sr sec notes due 07/31/26 (callable at 100.84375). Principal shareholders: Fortress Investment Group (23.19%), Elliott (18.2%) and Bain (11.14%), and the rest mostly free float. Biz: leading independent credit and real estate servicer in Southern Europe (Italy, Spain, Greece). HQ: Verona, Italy.
Netroadshow link: https://www.netroadshow.com/events/login?show=f789f117&confId=77518. Access code: 352637.