Related Issuers
by Stephen Carter
May 16, 2025 5:41 AM ET
Wolseley Group Finco plc (WOLSLY) GBP350m 144A/Reg S sr sec notes due 01/31/31 (5.75y). NC2 (MWC G+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. NR/B/B+ (--/stable/positive). Via BNP (B&D) sole physical books/BofA/Lloyds/WFS/RBC jt books. No reg rights. List ISE. NY law. CoC at 101. Settles T+10. Reg S ISIN: XS2075424989. IPT: high 9s.
Price talk: 9.75% area.
Roadshow (1-on-1s) 05/13-15 (investor call 10:30am UKT 05/13). Books close at 1pm UKT 05/16. Pricing 0516 afternoon. UOP: refinance existing GBP219m sr loan and finance a GBP121m distribution to shareholders. Equity sponsor: CD&R. Biz: a leading specialist merchant distributor of HVAC, plumbin, renewables, sanitaryware, infrastructure and utility products in the UK and Ireland. HQ: Warwick, UK.
Netroadshow link: http://www.netroadshow.com/nrs/home/#!/?show=5d1e5f40 (access code: wolseley25).