Azelis Finance NV (AZE) 2023-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR400.0005Mar-28Senior-BB+BB+FixedB6.00-6.25%5.75-6.00%294.75.75%-100.00000
Tranche Comments
5 yr: First Pay: 2023-09-15; Redemption: 2025-03-15; Registration: 144A/Reg S; Comments: EUR400m 5NC2 snr RegS/144A. NR/BB+/BB+. GloCos GS/JPM(B&D). JBs HSBC/ING. IPTs 6%-6.25%, price talk 5.75%-6%, launch 5.75%. DBR 0.5% 02/2028, B+ 294.7. Call Schedule: 2025-03-15 @102.875, 2026-03-15 @101.438, 2027-03-15@100.0. MWC: B+50. Equity Claw Back: 40% at 105.750%. CoC: 101%. LEI: 699400M9RRMTV264FM70;
Use of Proceeds
M&A, refinancing and general corporate purposes