Commentary & Deal Flow

Cheplapharm Arzneimittal GmbH (CHEPDE) EUR500m 144A/Reg S sr sec notes due 06/15/31 (6y). NC2 (50%,25%,par). B3/B/B+ (stable/stable/stable). Via DB (B&D)/JPM jt glocos and books. No reg rights. List ISE. NY law. Denoms: 100kx1k.

 IPT: mid-high 7s. 

Roadshow (small in-person group meetings) 06/16-17 (investor call at 10:30am UKT 06/16). UOP: along with EUR10m cash on hand, to redeem its EUR500m 3.50% sr sec notes due 02/11/27 (callable at 100). Biz: specialty pharmaceuticals. HQ: Greifswald, Germany.

Netroadshow link: https://www.netroadshow.com/events/login?show=0becfc94&confId=84244