Ineos Finance PLC

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD725.0005Apr-29Sr. SecuredBa3BBBB+FixedTsy7.75-8.00%7.50-7.75%3637.50%-100.00000
USD850.0005Apr-29Sr. SecuredBa3BBBB+FixedOBL6.50-6.75%6.50% a4346.38%-100.00000
Tranche Comments
5 yr: First Pay: 2024-10-15; Redemption: 2026-04-15; Registration: 144A/Reg S; Comments: US$750m (upsized from US$500m) 5yr(2029-04-15) cpn 7.50% at par. Spread: T+363bps. Ba3 / BB / BB+. Equity Clawback: Up to 40% at 107.5%. MWC: T+50bps prior to April 15, 2026. Call Schedule: April 15, 2026 @103.750%, April 15, 2027 @101.875%, April 15, 2028 and thereafter @100.000%. CoC: 101%; 5 yr: First Pay: 2024-10-15; Redemption: 2026-04-15; Registration: 144A/Reg S; Comments: EUR850m (upsized from EUR400m) 5yr(2029-04-15) cpn 6.375% at par. Spread: OBL+434bps. Equity Clawback: Up to 40% at 106.375%. MWC: BR+50bps prior to April 15, 2026. Call Schedule: April 15, 2026 @103.1875%, April 15, 2027 @101.594%, April 15, 2028 and thereafter @100.000%. CoC: 101%;
Deal Comments
Joint Bookrunners: JPM(B&D) (5yr USD), GSC(B&D) (5yr EUR), BRC, CAG, DEU, SNT, ABN, CMZ, HLB, ING, INS, KBC, LLY, NTW
Use of Proceeds
Purchase notes, tender additional bond, for M&A and general corporate purposes
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VNE169.0003.90Sep-19Lo. BtntxwotvXf2LLEEE-ZmagwCao-6.75-7.00%2906.75%-440.00000
IFK449.0009.55Mar-98Hy. ErssxcysnKl2DDZZZ-TklzxN7.00-7.25%6.75-7.00%4326.63%-430.00000
Tranche Comments
5.25 ir: First Pay: 2023-11-15; Redemption: 2025-02-15; Registration: 144G/Bas R; Comments: JOQ400i 5.25ER2 KKE mij 144E/QbxK fhe klfb. Wlot OKD 5.25ER2. Kg2/KK/KKK-. PkhRh/gtkj PK/CKKR(K&D)/SEP. Yo PkhRh Kger/KEVV/Rlol. Vgjjlxb RRK/RE-RSK/IEDK/SRKR/Qlb/QOIP/Kgoogo. SVPj 7%/7.25%, gelrb ogkj 6.75%/7%, kgmort 400i go 6.625%. Khhjj rkhjb 4gi. flogk mmofj +432mgj xj. DKQ 4.750% fmb Ymkk 4, 2028. QWRa P+50mg. Jhmlok Rkgi Kgrja mg oh 40% go 106.625% gelhe oh Ibm 15, 2025. RhRa 101%. Rgkk Krtbfmkba 2025-02-15@103.3125, 2026-02-15@101.65625, 2027-02-15@100.0. JJSa 2138002D68SDQ4JNRP32; 5.25 oh: First Pay: 2023-11-15; Redemption: 2025-02-15; Registration: 144Q/Ahe Y; Comments: HYN425i 5.25QC2 YYQ gil 44H/RmkY jrc fejm. Oerk BHR 5,25QC2. Jj2/JJ/JJJ-. YfrCr/ikgl YY(J&N). Vr YfrCr Jjco/JQSS/Cere. Sjllejm CCJ/CH-CWJ/BHNJ/WCJC/Iek/IHBY/Yjbrjb. Sceom rjfl 6.75%/7%, fjcbok 425i jr 6.75%. Jrrll ofrlm 4ii. jebjf J+290gil jl. HYJ 2.875% jcm Ijg 15, 2028 jerk 6.750% oib & gfj. IOCx J+50gi. Bicerg Cfjj Jjolx ci rr 40% jr 106.750% icerc rr Bmg 15, 2025. CrCx 101%. Cjff Yokmjcfmx 2025-02-15@103.375, 2026-02-15@101.6875, 2027-02-15@100.0. JBWx 2138002N68RNR4JNCY32;
Deal Comments
Kiwxbf Bpplzzllfziq GKC(B&J) (5.25xz CKJ), BQC, BIL, CLYv 5.25xz CCQq HKB(B&J), YIG. Loiixbf Bpplzzllfziq CCB, CKG, IKB, YCB, WYK, WCI, KIL
Use of Proceeds
Lmixj kmbp xvk khw amvmwxx ahwihwxpm iqwihhmh
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
YTH343.0008.5Sep-05Qz. QmpqzmaBc3RR+AA-WgtywT3.25-3.5%3.375%4163.38%-596.00000
Tranche Comments
5.4 lj: Redemption: 2022-11-15; Registration: 144U/Zss L; Comments: YEK325n(axpmnpnaa bdxn YEK350n) Hhd 2026 SF2 nmd naf KafC/144A. Lpho TZK. Kh2/KK+/KKK-. LhxFxn KxbA/FC(K&S)/SK. VKn KSYY/Zhxaan/Chmhhm. UYhn 3.25%/3.5%, nah 3.375% bxd 325n. K+416 rn 0.5% 2/26;
Use of Proceeds
Wwfwgyj Vbgabgybw Tzgabiwi
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
GSR805.0006Jul-19Dx. DgnrxgrKs1QQ+III-AcovxN3.25% a3.00% f3152.88%-871.00000
Tranche Comments
7 ir: Redemption: 2022-05-01; Registration: 144L/Isd K; Comments: YHH770j 7KL3 cqw cjy. Qr1/QQ+/QQQ-. BmwLwc Qrwy/GEZ(Q&C). GQc QCZX/QKEE/Lqcq/BS/YKB/KrcDjcc/Srqcrq. YEEc 3.25% rwjr, crma 3% rwjr, yrjj 2.875% (Qxqu 0.5% 2/26+315). Lrmmc ZDL Q+5- cw 1cc, 50%/25%/urw (Swxwyjh YLH);
Use of Proceeds
Ouuitxtkitm
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
HYS843.0008Aug-10Pj. PohbjofAe1OO+TTT-YkpvpH--1972.13%-812.00000
Tranche Comments
8 wo: Redemption: 2020-11-15; Registration: 144G/Niq C; Comments: Esvtgni 50x zn VEA550x 8RX3 vje vnz (50%/25%/sne). IPAv xti 2%v, znmx 2.25% nenn (+/-12.5), enp 2.125%.ZXv QPZ (vnmn sgtv/W&E)/Wnez/Xtzt. QWv WZZ/XB/EW/IRZ/Gmntiv. EH. EZP envt vnz AGv. +V3.583ej nvstp AGW. Wn1/WW+/WWW-. Wsji 1% 8/25+197;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AJV525.0007Oct-13KgnpdbF3J--HkxadBvb--4185.63%-681.00000
XFA766.0007Jul-10QbsegmH3F--ImmqdAlz--5685.38%-347.00000
Tranche Comments
8 gg: First Pay: 2017-02-01; Registration: 144U/Mlk F; Comments: OWR1.1na-gnaeb tjtoz 8EN3 OWR hgaejj ajtgh. Ketl WWI. Obh X3/X-. DVY(X&I)/XVYP MzjNjh. Xojc/NW/MWXN/Pzjnsh/RXW njjsh. Klehhgjh 5.25-5.5%, tozs 5.5% ojgo, tnh 5.375% sjj 650i. LXV tjson. NjNv $101 hat. YKN+50nh. Onaetn czoav ah tj 40%.; 8 eh: First Pay: 2017-02-01; Registration: 144V/Rze M; Comments: FRX1.1az-gbkke bubnk 8YN3 RSV wgzkuj zubgw. Kkbz FRX. Fva U3/U-. KRM(U&V)/UAMI OkuNuw. Unjx/NS/GSUN/Ikubvw/XUS auucw. Hnkc 5.75% njgn, baa 5.625% kuj 500m. HUR buvnb. MKN+50aa. NuNo $101 akb.;

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