Related Issuers
by Stephen Carter
Jul 02, 2025 5:43 AM ET
Kane Bidco Limited (True Potential) (TRUEPT) GBP750m equivalent (GBP/EUR) 144A/Reg S sr sec notes 2-part. B1/B+ (stable/stable). Via GS (B&D GBP fixed)/UBS (B&D EUR FRN) jt glocos and physical books/Barc/Lloyds/NatWest/SMBC jt books. No reg rights. List ISE. NY law.
- GBP TBD (GBP400m minimum) fixed rate notes due 2031 (6y). NC2 (MWC G+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the 1st 2 years at 103. CoC at 101. Denoms: 100x1. IPT: low 8s at par.
- EUR TBD (EUR350m minimum) FRN due 2032 (7y). NC1 (MWC B+50bp), then at par. CoC at 101. Denoms: 100x1. IPT: E+low 400s at par.
Roadshow (small group meetings) 06/30-07/01 (investor call at 10:30am UKT 06/30). UOP: Along with GBP25m cash on hand, to refinance its existing GBP400m 6.50% sr sec notes due 02/15/27 (callable at 101.625), EUR360m 5.00% sr sec notes due 02/15/27 (callable at 101.25) and GBP50m private placement notes. Equity sponsor: Cinven. Biz: leading provider of advisory services, wealth management and investment strategies to its clients through its in-house purpose-built proprietary technology platform. HQ: Newcastle, UK.
Netroadshow direct link: https://urldefense.com/v3/__https:/www.netroadshow.com/nrs/home/*!/?show=341dae56__;Iw!!O2kDR7mm-zSJ!voDWSl7GjeTETSCPDHYUvx-LsRnos33GhOJJHR2MFBcPcGFuhhv3hw5QfEw4g_G5z8je__ZqvF0o0bi3OW6EWGVD2vMS75J1$. Access code: CHESS25.