Commentary & Deal Flow

Alexandrite Lake Lux Holdings S.à r.l., Savoy Luxembourg Holdings S.à r.l. (ALXDRT) EUR300m (WNG) 144A/Reg S sr sec notes due 2030 (5y). NC2 (50%, 25%, then par). Expected NR/B+/BB-. Via BNP (B&D) sole books/MS/CACIB/DB/SocGen/BofA passive book. CoC at 101. No reg rights. List ISE. NY law. day count 30/360. Denoms 100x1. Reg S ISIN: XS3104473312. Roadshow (group meetings) 07/22-07/23 (investor call 10:30am UKT/11:30am CET 07/22). UOP: along with equity contribution, refinance bridge loan in full. Biz: a leading German real estate company focused on acquiring, owning, and managing office real estate. HQ: Hamburg, Germany.

Deal Roadshow: https://dealroadshow.com/e/ALSTRIA25GIC. Code: ALSTRIA25GIC.