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Commentary & Deal Flow

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NEW ISSUE: Levi Strauss EUR475m 5NC2 sr notes on the road, IPT mid-high 4s

HYC European Market: Deal Flow - General

Levi Strauss & Co (LEVI) EUR475m 144A/Reg S sr notes due 2030 (5y). NC2 (50%, 25%, par). Expected Ba2/BB+/BBB-. Via BofA(B&D)/ JPM/BNP/HSBC jt books, BMO, Scotia, GS, MS, RBC, Santander, StanChar, TSI as co-managers. No reg rights. List Lux. NY Law. Denoms 100x1. 

IPT: Mid-high 4s.

Roadshow (small group meetings) 07/14 (investor call at 1:30pm UKT / 08.30am ET). UOP: along with cash on hand, redeem EUR475m 3.375% sr notes due 03/31/27 (callable at par). Biz: brand-name apparel company, and a global leader in jeanswear. HQ: San Francisco, CA.