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Commentary & Deal Flow

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NEW ISSUE: Miller Homes E475m 5.5yNC1 sr sec notes, IPT E+425-450bp at par, on the road

HYC European Market: Deal Flow - General

Miller Homes Group (Finco) plc) (MLRHOM) EUR475m 144A/Reg S sr sec FRN due Oct 2030 (5.5y). NC1 (MWC B+50bp) (then at par). Equity claw: 1y 40%. Existing B1/B/BB-. Via Barc/HSBC (B&D) jt glocos and physical books/DDB/BS/Lloyds/RBC jt books, Apollo as co-manager. No reg rights. New York Law. List ISE. 

IPT: E+425-450bp at par.

Roadshow (small group meetings) 03/31-04/01 (investor call at 1pm UKT 03/31). UOP: refinanced the existing EUR465m sr sec FRN due 05/15/28 (callable at 100). Equity sponsor: Apollo. Biz: one of the largest privately owned UK homebuilders. HQ: Edinburgh, Scotland.

Netroadshow link: https://www.netroadshow.com/events/login?show=6d66472f&confId=79599.