Related Parents
Related Issuers
by Stephen Carter
Apr 29, 2025 11:10 AM ET
Ardonagh Finco Limited (ARDGRP) EUR250m equivalent (USD/EUR) 144A/Regs add-on to its sr sec notes 2-part. B3/B-/B+ (--/stable/stable). Via GS (lead left B&D EUR)/MS (lead left B&D US$) +others. No reg rights. List ISE. NY law. CoC at 101.
- EUR TBD add-on to its 6.875% sr sec notes due 02/15/31 (6y). NC2 (02/15/27) (MWC B+50bp), then at 103.4375, 101.7187, 100. Equity claw: 2y 40% at 106.875. Special call: 10% per year the first 2 years at 103. Via GS (left lead, B&D)/Barc/BofA/DB/HSBC/JPM/Jefferies/KKR/Lloyds/MS/MUFG/NatWest/Nomura/TD jt books. 144A Common Code: 276548948. Immediately 144A fungible with the EUR500m issue priced 02/09/24 and the EUR300m add-on priced 01/27/25. IPT: 100.00-100.50.
- US$ TBD add-on to its 7.75% sr sec notes due 02/15/31 (6y). NC2 (02/15/27) (MWC T+50bp), then at 103.875, 101.9375, 100. Equity claw: 2y 40% at 107.75. Special call: 10% per year the first 2 years at 103. Via MS (left lead, B&D)/Barc/BofA/DB/GS/HSBC/Jefferies/JPM/KKR/Lloyds/MS/MUFG/NatWest/Nomura/TD jt books. 144A CUSIP: 039853AA4. Immediately 144A fungible with the US$750m issue priced 02/09/24 and the US$315m add-on price 01/27/25. IPT: 101 area.
Roadshow (small group meetings) 04/29-04/30 (investor call at 4:30pm UKT, 11:30am NYT 04/29). Pricing 04/30. Equity sponsors Madison Dearborn/HPS Investment Partners. UOP: GCP, including tuck-in acquisition opportunities. Biz: A highly diversified, leading, global independent insurance broker, operating at scale across all segments of the non-life insurance market. HQ: London, UK.
Netroadshow: http://www.netroadshow.com/nrs/home/#!/?show=369bd7f6 (code: Ardonagh25).