Commentary & Deal Flow

Split-rated: SIG Combibloc Group AG, a leading systems and solutions provider for aseptic carton packaging, rated BBB- (Stable) by S&P, Ba2 (Stable) by Moody’s and “AA” by MSCI, “18.8 – Low Risk” by Sustainalytics and “Platinum” by EcoVadis (all ESG Ratings) has mandated GS/UBS/UniCredit as Joint Global Coordinators and Joint Bookrunners and CS as Joint Bookrunner to arrange a series of virtual fixed income investor meetings across Europe, commencing Monday 8th June 2020. GS will be co-ordinating logistics.
     A EUR1bn 144A/Reg S sr notes 2-part, consisting of EUR500m 3yNCL (MWC B+50, 3mo par call) and EUR500m 5yNCL (MWC B+50bp, 3mo par call) Senior Notes transaction (144A/RegS) issued by SIG Combibloc PurchaseCo S.à r.l., is expected to follow, subject to market conditions. No reg rights. List Euronext Dublin. NY law. UOP: refinance capital structure (along with $550m term loan and $14m cash on and to repay its existing EUR1.553 term loan (EUR1.203 term loan A and $350m term loan B). HQ: Neuhausen Am Rheinfall, Switzerland.