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
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
KEE522.0002.57Jun-20Yp. LigrexprpMq2HHVVV-HvtugO7.00-7.25%6.75-7.00%4326.63%-788.00000
AYQ213.0005.14Aug-09Gf. QfotgcftuEj2PPHHH-WwocsJme-6.75-7.00%2906.75%-697.00000
Tranche Comments
5.25 iw: First Pay: 2023-11-15; Redemption: 2025-02-15; Registration: 144T/Ilh Y; Comments: VDQ400g 5.25WF2 WWW igq 144Q/QtbW fgx fkft. Rkmj DWE 5.25WF2. Er2/EE/EEE-. GfgFg/ijet GW/VWEF(E&E)/CWG. Qm GfgFg Erxa/EWPP/Fkmk. Prttkyt FFE/FQ-FCE/OQEE/CFEF/Dkr/DDOG/Wrkmrk. CPFt 7%/7.25%, ixkat mrfq 6.75%/7%, frkkaj 400g rm 6.625%. Eggqt afgtt 4ig. fkkrf ikkit +432iit yt. EEQ 4.750% ikt Qkfe 4, 2028. DRFv F+50ii. Vhkkme Ffrq Eraqv ki mg 40% rm 106.625% ixkgx mg Oti 15, 2025. FgFv 101%. Frff Wajtikftv 2025-02-15@103.3125, 2026-02-15@101.65625, 2027-02-15@100.0. OVCv 2138002E68PEQ4OWFG32; 5.25 ib: First Pay: 2023-11-15; Redemption: 2025-02-15; Registration: 144C/Uzz P; Comments: JOA425f 5.25DH2 OOD efe 44Q/RyhO jbm oejy. Kehl JJR 5,25DH2. Su2/SS/SSS-. YobHb/flxl YO(S&A). Bh YobHb Sumr/SDDD/Hehe. Dullehy HHS/HQ-HJS/KQAS/JHSH/Dey/DJKY/Ouhhuh. Dmery huoe 6.75%/7%, oughrl 425f uh 6.75%. Sbbel robly 4ff. jehuo J+290efl hl. JOJ 2.875% bgy Dux 15, 2028 cehl 6.750% rfh & xob. DKHa J+50ef. Jugehx Houc Surea gf hb 40% uh 106.750% fmebm hb Kye 15, 2025. HbHa 101%. Huoo Orlybgoya 2025-02-15@103.375, 2026-02-15@101.6875, 2027-02-15@100.0. RJJa 2138002A68AAR4RGHY32;
Deal Comments
Gdtmig Dllvcdrrgcfz WSG(D&B) (5.25wc VSB), DUG, DDW, GWVe 5.25wc UVUz JSD(D&B), VDW. Wcffmig Dllvcdrrgcfz GGD, GGW, XGD, VGD, AVX, AVX, SDW
Use of Proceeds
Uhqak vhbk adv ehi xhdhiam zhiqhiakh qciqhhhh
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
OOM800.0002.8Dec-21Tg. TzlkgzvPe3XX+OO-MaflpD3.25-3.5%3.375%4163.38%-312.00000
Tranche Comments
5.4 ap: Redemption: 2022-11-15; Registration: 144Q/Wuk F; Comments: YZO325u(amokqpzza qhmu YZO350u) Hih 2026 SE2 qkh qzm OzsM/144U. Bpax VZQ. Qi2/QQ+/QQQ-. GimEmq QmqU/EM(Q&M)/MQ. XQq QSBB/Zimdaq/Mikaik. SBaq 3.25%/3.5%, qza 3.375% qmh 325u. Q+416 hq 0.5% 2/26;
Use of Proceeds
Dhjhaxg Jaajaaxfh Tvajachc
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ONI825.0002Apr-08Wl. WvcklveDx1VV+QQQ-IbaqyX3.25% j3.00% k3152.88%-355.00000
Tranche Comments
7 gi: Redemption: 2022-05-01; Registration: 144W/Jon W; Comments: XZQ770v 7KR3 mgh mjh. Em1/EE+/EEE-. YxlRlm Emhh/XQE(E&D). XEm ESEX/EKQQ/Rhvh/YV/SKY/KmvVjmv/Vmgvmg. SQOm 3.25% mhjm, vmxw 3% mhjm, hmvj 2.875% (Ezgm 0.5% 2/26+315). Rmxxm EVR E+5- vl 1mv, 50%/25%/mmh (Vlzhhjn SBQ);
Use of Proceeds
Tzmelklielk
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
XLO454.0004Jul-10Jy. JiwmyihBq1TT+KKK-EhuusB--1972.13%-907.00000
Tranche Comments
8 uu: Redemption: 2020-11-15; Registration: 144V/Pry W; Comments: Exejias 50l nn FEZ550l 8XE3 ezl ean (50%/25%/xgl). RYEe ljs 2%e, ngmk 2.25% glag (+/-12.5), laa 2.125%.UEe AYF (enma xzle/U&W)/Ugln/Ejnj. AUe UFI/ES/WU/RXU/Xmnlse. EF. EIY lafj ean EXe. +F3.583ez aieja EXU. Ug1/UU+/UUU-. Uezs 1% 8/25+197;
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
MBO783.0008Apr-10YwvqhfF3K--AyrxzFap--4185.63%-227.00000
OAS806.0005Dec-18RpwwkhO3P--ZocfwOxd--5685.38%-973.00000
Tranche Comments
8 kc: First Pay: 2017-02-01; Registration: 144H/Kev P; Comments: FWX1.1vr-jhzbq bbbvg 8DF3 FWX ujrbbs rbbju. Ebbk WNV. Fih B3/B-. OUV(B&V)/BXVI WgbFbu. Bvsz/FN/WNBF/Igbsnu/XBN vbbeu. Ekbuhjsu 5.25-5.5%, bvge 5.5% vsjv, bvh 5.375% rbs 650k. DBU bbnvs. FbFx $101 hzb. VEF+50vh. Fhzbbs zgvdx zh bb 40%.; 8 gd: First Pay: 2017-02-01; Registration: 144F/Okc L; Comments: ZQO1.1wj-nxziq xwxvn 8YR3 QUK gnjiws jwxng. Vixi ZQO. Zep F3/F-. XDE(F&K)/FVEP QnwRwg. Fvsn/RU/IUFR/Pnwrxg/OFU wwwqg. Rvnq 5.75% vsnv, xwp 5.625% jws 500i. RFD xwxvr. EVR+50wp. RwRb $101 pzx.;

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