by Pankti Antani
Jun 27, 2025 12:29 PM ET
Manuchar Group BV (MANUCH) EUR425m 144A/Reg S sr sec FRN due 07/07/32 (7y). NC1 (07/07/26) (MWC B+50bp) then at 101, 100. 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. List ISE. NY law. CoC at 101. Pays Mar 15, Jun 15, Sept 15, and Dec 15 starting 09/15/25. Denoms: 100x1. Settles 07/07 (T+6). Reg S ISIN: BE6365823044. 144A ISIN: BE6365837184. IPT: E+low 500s at 98.00-98.50. Price talk: E+500bp at 98.00-98.50. Final terms: EUR425m (EUR10m upsize to fund OID) E+500bp at 98.00.
Priced: 3mE+500bp (0% Floor) at 98.00.
Roadshow (small group meetings) 06/24-26 (investor call 1pm UKT 06/24). Books closed at 1:30pm UKT (from 12pm UkT) 06/27. 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.