Related Issuers
by Stephen Carter
Feb 05, 2025 10:41 AM ET
Loxam SAS
(LOXAM) EUR500m 144A/Reg S sr sec notes due 2030 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 45%. Special call: 10% per year the 1st 2 years at 103. NR/BB- (--/stable). Via BNP sole books. No reg rights. List Lux. NY law. CoC at 101. Settles 02/18. Reg S ISIN: XS2982117694.
Price talk: 4.50%-4.75%.
Roadshow (1-on-1s) 02/05-06 (investor call at 10:30am UKT 02/05). Book close at 11:30am UKT 02/06. Pricing 02/06 UK afternoon. UOP: along with EUR188m cash on hand, to redeem its EUR450m 3.75% sr sec notes due 07/15/26 (callable at 100) and EUR230.728m 5.75% sr sub notes due 07/15/27 (callable at 100). Biz: the largest European Equipment-rental group for the construction, industrial, public works, services and events & media sectors. HQ: Paris, France.
Deal Roadshow: https://dealroadshow.com/e/LOXAM25. Access code: LOXAM25.