Commentary & Deal Flow

Nexture SpA (NXTURE) EUR425m 144A/Reg S sr sec FRN due 2032 (7y). NC1 (par). (Expect B2)/B/BB- (stable/stable/stable). Via BNP/Unicredit (B&D) jt physical books/CA/ISP/Natixis/UBS jt glocos and books. No reg rights. List Lux. NY law. Denoms: 100x1. Day count Act/365. Roadshow (investor meetings) 07/10-14 (investor call 11am UKT 07/10). UOP: repay EUR404m of certain debt of the CSM Group and the ItalCanditi Group and GCP. Equity sponsor: Investindustrial. Biz: global integrated platform active in the development and manufacturing of high quality food ingredients. Nexture will be created from the combination of Investindustrial's two portfolio companies CSM Ingredients Sarl and Italcanditi SpA. HQ: Milan, Italy.

Deal Roadshow direct link: https://dealroadshow.com/e/NEXTURE25.