Summer Bidco BV (SUMBC) 2019-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR550.0006May-25Sr. SecuredB2B-Floating3mEu3mEu+Low 400s3mEu+425412.53mEu+412.5-100.00000
EUR306.0006.5Nov-25Senior-B--FixedBLow-Mid 8.00%8.75-9.00%9389.00%-100.00000
Tranche Comments
6 yr: First Pay: 2019-08-15; Registration: 144A/Reg S; Comments: EUR550m 6NC1 snr sec FRN. With EUR306m 6.5NC2 PIYC. GloCos JPM(B&D/phys)/CS/KKR/MS. JB CA-CIB. IPTs low 4s, talk E+425. Tax Call: No. PP: No. XD: No. LEI: 213800PC85O8BJ7DU398; 6.5 yr: First Pay: 2019-11-15; Registration: 144A/Reg S; Comments: EUR306m 6.5NC2 PIYC. With EUR550m 6NC1 snr sec FRN. GloCos JPM(B&D/phys)/CS/KKR/MS. JB CA-CIB. IPTs low/mid 8s (cash pay), talk 8.75%/9% (+0.75% PIK). B+938 vs DBR 1% 8/25. PIK interest at 9.75% . Tax Call: No. PP: No. XD: No. LEI: 724500EOJYP21L3XM206;
Deal Comments
Issuer(6yr): United Group BV
Use of Proceeds
6yr: Refinancing, repay RCF/local lines drawings; 6.5yr: M&A