Related Issuers
by Stephen Carter
May 08, 2025 5:32 AM ET
Currenta Group Holdings Sarl (CURGRP) EUR1bn 144A/Reg S sr sec notes 2-part. Ba3/BB-/BBB- (stable/stable/stable). Via DB (B&D FRN)/JPM (B&D fixed) jt physical books/Barc/IMI/MUFG jt passive books. No reg rights. List ISE. NY law.
- EUR TBD fixed-rate notes due 2030 (5y). NC2 (50%,25%,par). CoC at 101. IPT: 6.25% area. Price talk: 5.75%-6.00%.
- EUR TBD FRN due 2032 (7y). NC1, then par. CoC at 101. IPT: E+400bp at 98.50-99.00. Price talk: 3mE+400bp at 99.00-99.50.
Roadshow (small group meetings available on Zoom) 05/06-07 (investor call at 10:30am UKT 05/06). Books close at 11:30pm UKT 05/08. Pricing 05/08 UK afternoon. UOP: along with cash on hand, to refinance the existing EUR814m term loan due Nov 2026, repay EUR50m drawn on existing capex facility, fund shareholder payments of EUR186m. Equity sponsor: Macquarie Asset Management. Biz: operator of Germany's largest independent chemical, pharma, and industrial parks. HQ: Leverkusen, Germany.
Netroadshow: www.netroadshow.com/nrs/home/#!/?show=9b846cda (Entry code: currenta25).