Related Issuers
by Stephen Carter
Jul 07, 2020 3:22 PM ET
PLT VII Finance Sarl (Bite) EUR650m (up from EUR620m) 144A/Reg S sr sec notes fixed/floater 2-part. B2/B/B+ (stable/stable/stable). Via Citi/DB (B&D) jgcs/joint physical books/ING/Unicredit joint books. No reg rights. List ISE. NY law. 100x1. Settles 07/16 (T+7).
- EUR400m fixed-rate notes due Jan 05, 2026 (5.5y). NC2 (07/15/22) (MWC B+50bp), then at 102.3125, 101.1563, 100. Equity claw: 2y 40% at 104.75. Reg S ISIN: XS2200172653. Px talk: 4.75% area. Priced: 4.625% at 100. +529bp vs DBR 1% 08/15/25.
- EUR250m FRN due Jan 05, 2026 (5.5y). NC1 (07/15/21) (MWC B+50bp), then at 101, 100. Reg S ISIN: XS2200172067. Px talk: E+475bp area (0% floor) at 99.50. Priced: 3mE+462.5bp (0% floor) at 99.50.
$30m upsize UOP: distribution to shareholders. Did investor call 11am UKT 07/06. Telephonic roadshow 07/06-07/07. Books closed at 3:30pm UKT today. UOP: repay in full its existing credit facilities (EUR449m), fund a reduction in share capital (EUR215m, up from EUR185m). Equity sponsor: Providence Equity. Biz: the parent company of Bite group, a leading converged mobile, media, fixed broadband and PayTV player in the Baltics with total c. 2.5m mobile, broadband and PayTV RGUs, as well as unique media content and strong FreeTV market shares in Lithuania, Latvia and Estonia. HQ: Vilnius, Lithuania.