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Commentary & Deal Flow

Related Issuers

NEW ISSUE: Golden Goose E480m 6NC1 sr sec FRN, IPT E+low 400s at 99.50, on the road

HYC European Market: Deal Flow - General

Golden Goose SpA (GOLGOO) EUR480m 144A/Reg S sr sec FRN due 2031 (6y). NC1 (MWC B+50bp), then at par. IPO call: 1y for all or part at 102. B1/BB-. Via JPM physical books and gloco/BNP/BofA/Citi/GS/UBS/UniCredit jt books. No reg rights. List Lux and Vienna. NY law. CoC at 101

IPT: E+low 400s at 99.50.

Roadshow (small group meetings) 05/06-07 (investor call at 12pm UKT 05/06). UOP:  redeem its existing EUR480m sr sec FRN due 05/14/27 at 100. Also potential future shareholder distributions using EUR100m cash on hand. Equity sponsor: Permira (83.2%). Biz: a global luxury fashion brand specialized in the sourcing, design and distribution of a "total look" product offering, primarily consisting of footwear and, in particular, sneakers, but also including ready-to-wear apparel as well as bags and other accessories. HQ: Milan, Italy.

Netroadshow: https://www.netroadshow.com/nrs/home/#!/?show=d5dc4f73 (entry code: Golden2025).