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Commentary & Deal Flow

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PX TALK: Omnia Technologies E100m sr sec FRN 11/05/31 add-on 99.00 area, pxg today

HYC European Market: Deal Flow - General

Omnia Technologies SpA (DELLTO) EUR100m 144A/Reg S add-on to its sr sec FRN due 11/05/31 (6.25y). NC4mos (11/05/25) (MWC B+50bp) then at 100. B3/B/B (stable/stable/stable). Via JPM (B&D) sole physical books/IMI/BNP/Mediobanca/UniCredit jt glocos/Barc/BPER/Rabo jt books. No reg rights. List Lux. NY law. CoC at 101. Denoms: 100x1. Permanent Reg S ISIN: XS2930112730. Immediately 144A fungible with the EUR500m issue priced 10/24/24. Floats/pays quarterly. 3mE+425bp (0% floor). IPT: 98.50-99.00. 

Price talk: 99.00 area (+/-0.25 points). 

Did investor call at 10am UKT 06/30. Books close at 12:30pm UKT 07/02. Pricing 07/02 UK afternoon. UOP: repay EUR45m drawn on its bank and repay EUR34m of other debt, and EUR for GCP. Equity sponsor: Investindustrial (77.2%). Biz: a global provider of automated machinery and systems for the beverage, food, pharma and cosmetics sectors. HQ: Signoressa di Trevignano, Treviso, Italy.

Netroadshow link: https://www.netroadshow.com/nrs/home/#!/?show=30a42087.