Related Issuers
by Stephen Carter
Jun 10, 2025 1:21 PM ET
+++Corrects maturity date: 12/30/30 (not 12/31/30+++
eDreams ODIGEO SA (EDRSM) EUR375m 144A/Reg S sr sec notes due 12/30/30 (5.5y). NC2 (06/30/27) (MWC B+50bp), then at 102.4375 (06/30/27), 101.2188 (06/30/28), 100 (06/30/29)). Equity claw: 2y 40% at 104.875. Special call: 10% per year the first 2 years at 103. NR/B+/B+ (--/stable/stable). Via DB (B&D)/Barc/Santander/SocGen jt glocos/BBVA/MS jt books. No reg rights. List Lux. NY law. CoC at 101. Semi pay June 30 and Dec 30, starts 12/30/25. Denoms: E100kxE1k. Settles 06/27 (T+7). Reg S ISIN: XS3091931058. Price talk: 5.00%-5.25%. Final terms: E375m at 4.875%.
Priced: 4.875% at 100. +269bp vs DBR 2.40% 11/15/30.
Roadshow (small group meetings) 06/09-10 (investor call at 11am UKT 06/09). Books closed 3:30pm UKT 06/10. Reconfirms were due by 4pm UKT 06/10. UOP: along with EUR21m cash on hand, to refinance its EUR375m 5.50% sr sec notes due 07/15/27 (callable at 100) (also new EUR185m (up from EUR150m) revolver extended to 2030). Biz: a leading online subscription company focused on travel. HQ: Madrid, Spain.
Netroadshow registration link: https://www.netroadshow.com/events/login?show=5f7c7146&confId=83589
RSP & OM link: https://www.netroadshow.com/nrs/home/#!/?show=33f94355