Related Issuers
by Stephen Carter
Jun 24, 2025 1:48 PM ET
CMA CGM (CMACG) EUR600m (up from EUR500m) 144A/Reg S sr notes due 01/15/31 (5.5y). NC2 (07/15/27) (MWC B+50bp), then at 102.50, 101.25, 100. Equity claw: 2y 40% at 105.00. Ba1/BB+ (stable/stable). Via BNP (B&D)/CA jt gloco and physical books/HSBC (active)/ING/SocGen jt books, BRED, CIC, Citi, Natixis, Santander as jt lead managers. No reg rights. List Lux. NY law. CoC at 101. Pays Jan 15 and July 15, starting 01/15/26. Denoms: 100x1. Settles 06/30 (T+4). ISINs: Reg S XS3105513769, 144A XS3105514908. IPT: 5.25%-5.50%. EUR100m upsize for GCP and related fees and expenses. Price talk: 5.25% area (+/- 12.5bp). Final price talk: 5.00%-5.125% WPIR.
Priced: 5.00% at 100. +282bp vs DBR 5.25% 01/04/31.
Roadshow (1-on-1s) 06/24 (investor call at 10am UKT 06/24). Books closed at 4:30pm UKT (from 4:15pm UKT) 06/24. UOP: GCP (EUR100m upsize for GCP and fees and expenses. Biz: a leading provider of global container shipping and logistics services HQ: Marseille, France.
Deal Roadshow link: https://dealroadshow.com/e/TETHYS25. Access code: TETHYS25.