Rentokil Initial PLC

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR850.0005Jun-27Sr. Unsecured-BBB-FixedSwapsMS+200 aMS+180 a1703.88%2099.58600
EUR600.0008Jun-30Sr. Unsecured-BBB-FixedSwapsMS+230 aMS+210 a2004.38%2099.66300
GBP400.00010Jun-32Sr. Unsecured-BBB-FixedGG+275 aG+260 a2555.00%-98.37000
Tranche Comments
5 yr: Book size: 3250; Registration: Reg S Only; Comments: EUR850m snr unsec RegS. With GBP 10yr. -/BBB/-. BoC/Barc/BofA(log)/HSBC(B&D)/ING/Santan/SEB/WFS. IPTs 5yr MS+200 area, 8yr MS+230 area, combined bks >3.5bn (slight skew to 5yr). Guidance MS+180 area for 850m / MS+210 area for 600m, launch MS+170/+MS+200, bks 3.25bn/2.75bn, peak >3.6bn/>2.9bn, OBL 0% 04/16/2027 + 243.8bps (92.947) / DBR 0% 02/15/2030 + 279.9bps (88.380). FTT 8am Tues. LEI: 2549005WL1W9GJ5TM121. MWC: B+40bps. Par Call: 3m. Tax Call: Yes. CoC: Yes. Distribution: UK/Ire 28%, Ger/Aus/Switz 23%, Fr 22%, Benelux 18%, Nordics 6%, Other 3%. FM 74%, Ins/PF 13%, Bks/CB 11%, Other 2%.; 8 yr: Book size: 2750; Registration: Reg S Only; Comments: EUR600m snr unsec RegS. With GBP 10yr. -/BBB/-. BoC/Barc/BofA(log)/HSBC(B&D)/ING/Santan/SEB/WFS. IPTs 5yr MS+200 area, 8yr MS+230 area, combined bks >3.5bn (slight skew to 5yr). Guidance MS+180 area for 850m / MS+210 area for 600m, launch MS+170/+MS+200, bks 3.25bn/2.75bn, peak >3.6bn/>2.9bn, OBL 0% 04/16/2027 + 243.8bps (92.947) / DBR 0% 02/15/2030 + 279.9bps (88.380). FTT 8am Tues. LEI: 2549005WL1W9GJ5TM121. MWC: B+45bps. Tax Call: Yes. Par Call: 3m. CoC: Yes. Distribution: UK/Ire 40%, Fr 21%, Ger/Aus/Switz 19%, Benelux 13%, Nordics 5%, Other 2%. FM 67%, Ins/PF 27%, Bks/CB 6%.; 10 yr: Book size: 1450; Registration: Reg S Only; Comments: GBP400m 10yr snr unsec RegS. With EUR 5yr/8yr. -/BBB/-. BoC/Barc/BofA(log)/HSBC(B&D)/ING/Santan/SEB/WFS. IPTs Gilt 4.25% 6.32+275 area, guidance G+260 area for 400m, launch G+255. Bk 1.45bn, peak >1.55bn pre rec, Gilt @ 114.425 . FTT 8am Tues. LEI: 549300VN4WV7Z6T14K68. MWC: G+40bps. Par Call: 3m. Tax Call: Yes. CoC: Yes. Distribution: UK/Ire 93%, Ger/Aus/Switz 3%, Nordics 3%, Fr 1%. FM 65%, Ins/PF 30%, Bks/CB 5%.;
Deal Comments
Rentokil Initial Finance BV (5yr, 8yr)
Use of Proceeds
Refinancing and general corporate purposes
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
HIK649.0008Invalid dateBt. Nwizkqtzg-III-CwzseMtcbfUJ+120 aPY+90-95850.50%-721.36400
Tranche Comments
8 zb: Book size: 6319; Registration: Peu K Isiu; Comments: BQI500x 8lj orj iroon. JJJ O&G. Jujn/JRJ/JBGG(J&S)/Eqr/OhJc. DGJo EO+120 ujou, hiqjurno EO+90/+95, yuirnc 600x @EO+85, il >2.3ir (toul >2.9ir). ELJ J+20 , 3xGJ. SJI 0.25% Mih-28 @ 106.94 / J+115.9 (II 93%). RBDa 549300VB4LV7R6J14W68;
Guarantor(s)
Qucxfhjk Lcjxjyk 1927 ukn (xf 2021 cfxuc yukuluxjfc)
Use of Proceeds
Yvmvlzn Kllvllzmv Enlvlfvf
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
WMK708.0001Invalid dateHp. Samqlepqb-JJJ-YpcseHzqrvIG+100 eGA+80-85780.88%-76.38000
Tranche Comments
7 jz: Book size: 3947; Registration: Vqk D Xcdc; Comments: EGR500w 7me qye myqoe. GGG O&J. NOGZ/Gnsmoq/Ojyyjy(G&G)/OEG/OyZh. XJRq YO+100 jeoj, rmaojyeo +80/+85 ase esyaaewoo 500w, njmyehoo YO+78. Gz ~1.8zy eeo eoe. G+132.6 wq GGR 0.5% Coz-26 @ 106.24 (NR 95%). 3wJZ. YFZ G+20. CRR 2.40ew (Osmeeoi XCR);
Guarantor(s)
Kdxjjphe Txhjhse 1927 Len
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
QXN328.0005Invalid dateDw. Rjztzewtn-LLL-HjzjcTezcpFR+75 xRC+55-60550.95%-24.50000
Tranche Comments
7 ov: Registration: Pjj I Dtkz; Comments: QSR400w yz-vrze 7fr. Oznnzeo rohze. KKK Z&B. KSYF/Kerm/KUBB(K&L)/MUJ. MBHo YZ+75 erce, vhcheymc +55/+60 (efcr), ocw YZ+55, yeo ohyz >1.7yy. LKR 1% Shv-24 +110@ 107.28 (IR 96%). OHH 3g10fw. YECg K+20yf. Ber Cenng 3w. CzCg 100%. 125yf ohy-MJ owcf. BBg Uz. HLg Uz. Heo Cenng Uz;

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