by Stephen Carter
Jun 27, 2025 6:18 AM ET
Manuchar Group BV (MANUCH) EUR415m 144A/Reg S sr sec FRN due 2032 (7y). NC1 (MWC B+50bp) (101, par). B3/B/B (stable/negative/stable). Via Barc (B&D)/GS/ING jt glocos and physical books/BBVA/BNP/IMI/UniCredit jt books. No reg rights. NY law. CoC at 101. Denoms: 100x1. IPT: E+low 500s at 98.00-98.50.
Price talk: E+500bp at 98.00-98.50.
Roadshow (small group meetings) 06/24-26 (investor call 1pm UKT 06/24). Books close at 12pm UkT 06/27. Pricing 06/27 UK afternoon. UOP: refinance existing EUR350m 7.25% sr sec notes due 06/30/27 (callable at 101.813), pay down US$45m of the US$93m drawn on its revolver. Equity sponsor Lone Star (75%). Biz: leading distributor of dry-bulk chemicals and food ingredients. HQ: Antwerp, Belgium.
Netroadshow link: https://urldefense.com/v3/__http:/www.netroadshow.com/nrs/home/*!/?show=0da8b0ec__;Iw!!O5VZiZhZuxILryEb!YgE2poxVF1LvUBgEWfNR-hIaYxD2XHAzWtYw3fKBQ3EgZ_tXyMHYc2_En2XujO6wepD3qC9GePFaDbBpIXToFH7krOi2AQFxIrH5$. Entry code: Manta25.