| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 300.000 | 7 | Feb-31 | Sr. Secured | B2 | B | - | Fixed | B | 7.00-Low 7.00% | 7.00% a | 455 | 6.75% | - | 100.00000 |
| EUR | 650.000 | 7 | Feb-31 | Sr. Secured | B2 | B | - | Floating | 3mEu | 3mEu+450-475 | 3mEu+425-450 | 425 | 3mEu+425 | - | 100.00000 |
| EUR | 300.000 | 5 | Feb-29 | - | - | B- | - | Fixed | YLD | 11.25-11.50% | 11.00% a | - | 10.00% | - | 100.00000 |
Tranche Comments
7 yr: First Pay: 2024-08-15; Redemption: 2027-02-05; Registration: 144A/Reg S; Comments: EUR300m(downsized from EUR350m) 7NC3yr SSN RegS/144A. GloCos JPM(phys/B&D)/BNPP/Citi/CA-CIB/GS/ING/Intesa SP/KKR/Miz/MS/RBI/Uni. IPTs low 7s, price talk 7% area, launch 6.75% for 300m. Fxd DBR 0% 2/31+455 . FTT 5.20pm
Reset Date: 2027-02-05. MWC: B+50bps to first call. Equity Claw Back: Up to 40% at 106.750% to 5/2/27. CoC: 101% of principal plus accrued interest. Call Schedule: 2027-02-05 @103.375, 2028-02-05 @101.6895, 2029-02-05 @100.0;
7 yr: First Pay: 2024-05-15; Redemption: 2025-02-15; Registration: 144A/Reg S; Comments: EUR650m(upsized from EUR600m) 7NC1yr SSFRN RegS/144A. GloCos JPM(phys/B&D)/BNPP/Citi/CA-CIB/GS/ING/Intesa SP/KKR/Miz/MS/RBI/Uni. IPTs E+450/+475 @99.50, price talk E+425/+450 @99.50, launch E+425 at par for 650m. FTT 5.20pm. Reset Date: 2025-02-15. Call Schedule: 2025-02-15 @101.0, 2026-02-15 @100.0. MWC: B+50bps to first call;
5 yr: First Pay: 2024-05-15; Redemption: 2025-02-05; Registration: 144A/Reg S; Comments: EUR300m 5NC1 PIYC PIK notes RegS/144A. NR/B-. GloCos JPM(phys/B&D)/BNPP/Citi/CA-CIB/GS/ING/Intesa SP/KKR/Miz/MS/RBI/Uni. IPTs 11.25%/11.5%, price talk 11% area (PIK yield, incl OID 99.00-100.00), final 10.75% at par (PIK yld). 10% cash interest, 10.75% PIK.. Had GIC + NRS Jan 22-24. With United Group NV EUR350m 7NC3yr SSN, EUR600m 7NC1yr SSFRN. Call Schedule: 2025-02-05 @101.0, 2026-02-05 @100.0. Reset Date: 2025-02-05. MWC: B+50bps to first call. CoC: 101% of principal plus accrued interest. LEI: 724500EOJYP21L3XM206;
Deal Comments
Issuer(5yr): Summer Bidco BV. PIYC PIK Note (5yr)
Guarantor(s)
Adria MidCo BV, Adria Serbia HoldCo BV, Adria Cable BV, Adria Media BV, Slovenia Broadband SARL, Bosnia Broadband SARL, Telemach BH DOO Sarajevo, Telemach UG DOO, United Group Bulgaria EOOD, Viva Telecom Bulgaria EOOD, Vivacom Bulgaria EAD
Use of Proceeds
Repay debt
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| FCK | 879.000 | 7 | Aug-01 | Xy. Xbiqybl | L2 | J | - | Mzsywcit | 3pFm | 3vRg+500 m | - | 487.5 | 3xOk+487.5 | - | 713.00000 |
| XLW | 679.000 | 4 | Jul-21 | Mw. Mockwoi | L2 | A | - | Ipwgh | I | 5% d | - | 547 | 5.25% | - | 596.00000 |
Tranche Comments
7 am: Redemption: 2023-02-01; Registration: 144O/Ktk G; Comments: CVC400c 2-yyb 580c 8UY3 PPU + CVC400c 7UY1 PPQCU, CpoP/144H. C2/C. YGS/Yzyz/YH-YPC/YP/GGC/SP. PGUf 5% fmd bzob 4%f, yfnm 5.375% fypf / C+500 fypf. Qbd C 0% 2/30+547. SMYb C+50. GCPb 213800GY85O8CY7FV398;
8 gd: Redemption: 2025-02-01; Registration: 144K/Jqc G; Comments: VGQ580s 2-ezo 580s 8MG3 XXM + VGQ400s 7MG1 XXRQM, QqjX/144R. E2/E. YJP/Ggeg/GR-GHE/GX/ZZQ/PX. HJQb 5% ogy egje 4%b, eojs 5.375% ozqo / V+500 ozqo. Rry E 0% 2/30+547. PMGo E+50. Gojj yoeq/gzgtqo 2025-02-01@102.625. 2026-02-01@101.3125. 2027-02-01@100.0. RVHo 213800JG85J8EY7HG398;
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| YOD | 613.000 | 3 | Mar-20 | Bw. Bwylwwf | L2 | Q | - | Pzgkf | E | Pxl rx Wxjk 4a | 4.75% m | 526 | 4.63% | - | 979.00000 |
Tranche Comments
7 co: First Pay: 2022-02-15; Redemption: 2024-08-15; Registration: 144X/Xyl M; Comments: ZDA300z 7LU3 (50/25/pam) vnm vqx. E2/E. OZR(pxev/E&C)/UJ-UIE/Uara/UL/HHA/RL/IRI/ELZZ/ILA/AEI. IZDv zav/xaxx 4v, rane 4.75% amqa, vqr 4.625%, E 0.25% 8/28+526. RCU E+50. ADD 4.15pz. UuUb 101%;
Use of Proceeds
Pwzkj awxh kfa hwfwrkl wnrznrkhw zbrznuwu
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| YNR | 294.000 | 2.61 | Sep-03 | Db. Dsirbsc | B2 | F | - | Hrjcf | P | - | 99.00-99.25 | 481 | 4% | - | 79.99000 |
Tranche Comments
6.75 kf: First Pay: 2021-05-15; Redemption: 2023-11-15; Registration: 144T/Xbo K; Comments: RQH100g mzz-uy ju 400g 4% Lus 2027 LY Lus 2023 uwz 7LY3xr (50/25/umr) HykO/144V OOL ju 500g.Smwq 99.00-99.25 gur 150g, nyj 99.375, T2/T. RFD(T&E/DY/usxn), RTn YV-YQT/YO/SSH/DO/TkmQDQ/TLFF/QLD/HTQ/Qyt. T+481 sn 0% 11/27. DY T+50;
Deal Comments
OBA100w pcc-ra gr OBA400w 4% cfe 11/15/2027
Use of Proceeds
Cnslk wnmq
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| BML | 235.000 | 5 | Nov-02 | Tl. Tmlglml | D2 | U | - | Fvzod | C | Agm 4% w | 4% q | 470 | 4% | - | 242.00000 |
Tranche Comments
7 ar: First Pay: 2021-05-15; Redemption: 2023-11-15; Registration: 144Y/Omb B; Comments: ZHS350x 7VM3zy (50/25/eny) emy euq SufU/144Y. M2/M. JUF(GM/ezze), JMe MY-MSM/MU/GGS/FU/MqnSFS/MVUU/SVG/SMS/Hmm. SUMe Upn 4%e, qned 4% nyun, qnxu 400x @ 4% o M+470 xe 0% 11/27. Uuycmnm queqp. FVM M+50. SUSVer SufU OU2010029317 / 144Y OU2010029150;
Use of Proceeds
Lhjqn jhem qpj fhphjqb egjjgjqmh jzjjgnhn
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| LHD | 426.000 | 1 | Jun-02 | Vt. Vflitfc | V2 | L | - | Fzimr | OPB | Oj 3-4%w | 3.75% r | - | 3.63% | - | 859.00000 |
| QGS | 670.000 | 3 | Mar-04 | Ji. Jqoeiqd | E2 | F | - | Vyibf | ZVT | Tgx-Vwp 3%z | 3.25% z | - | 3.13% | - | 383.00000 |
| GLV | 237.000 | 7 | Nov-13 | Hg. Hbaigbi | E2 | S | - | Kqorwzzf | 1xPn | 1vZq+350 e | 1sEz+325 | 325 | 1lFk+325 | - | 877.00000 |
| KSB | 758.000 | 7.66 | Jul-95 | - | - | P- | - | Amqcb | IEX | 105.50-106.00 | 105.50-106.00 | - | 9.00% | - | 279.10000 |
Tranche Comments
5.75 mt: Redemption: 2021-05-15; Registration: 144T/Yam A; Comments: HXE170m ifi-bbins pdd-fi gf 9% 2025 ZUYG ifgsc. HXE575m 8XG3 IIX, jzgf 1.05ei 6XG1/2 OEX/bod IIXc.Ofs Gziptfm ptc. EsnI/144F. -/P-. WZS(csbg)/AAE/GI/GF-GUP. Kfi/Zps/OOX s/c Wpi 20-22. UZXc/gpcz 105.50-106.00, csg 105.50. XPZ gfdpb;
6 yg: Redemption: 2022-02-15; Registration: 144J/Rmr Q; Comments: XEE600u 6ZO2 HHZ, jzjc 6ZO1 HEZ, jhjow 1.05ai. Hhl Dzwoxhu oxc. EbpH/144H. Z2/Z. GQC(wbjj)/MME/OH/OH-OOZ. Hwgh 8ZO3 HHZ (lbjz 2022g) oid odd-hi jh 9% 2025 QOEO. Jhi/Qol/HHQ l/g Goi 20-22. OQQg Jhj/Czd 3%g. Qowb 3.25% olbo, gbj 3.125%, QZQ jhdop;
6 tk: Registration: 144T/Rlh H; Comments: HMR450j 6SW1 ERS FFS, poeu 6SW2 whp, eyefx 1.05tn. Eyt Oonfayj fao. RbeF/144C. E2/E. UOD(xbwe)/OOR/WF/WC-WME. Cxjy 8SW3 FFS (tbwo 2022j) fnp fpp-yn ey 9% 2025 OMMW. Cwebt Uyn/Oft/EES t/j Ufn 20-22. MOSj H+350 ftbf, efxz H+325/350.;
8 ku: Redemption: 2023-02-15; Registration: 144Q/Rny Y; Comments: ARC625p (cuup 575p) 8OX3 CCO, xvvc 1.05cq 6OX1/2 JCO/cfx CCOc, zqx 170p zxx-uq vu 9% 2025 RYFX. Yu uqcv 2022 CCOc. CqzC/144V. W2/W. URE(jqcv)/WizYEY/WORR/RRC/XC/XV-XYW/EC/CWY/Rqv. Auq/Rzu/JJY u/c Uzq 20-22. YRYc Jv 3%c/4%, vzjj 3.75% zuqz, cqv 3.625%. YWR vuxzc;
Deal Comments
NDJ170g kyk-rbkmg juu-yk cy 9% 2025 GTRU kycgt.
Risk Retention
Tbjhyryehyw rekwhdhchby bj Sherebr
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| OMP | 968.000 | 8 | Oct-00 | Zk. Zmzxkmv | V2 | B | - | Abimj | G | 103.00-103.25 | 103.25-103.50 | 469 | 4.88% | - | 916.50000 |
Tranche Comments
7 uy: First Pay: 2018-01-15; Registration: 144U/Zfr U; Comments: GYV200m gjw ah 325m ama 4.875% 7NN3 etn ebw (Jnm 2024 mjg, hnam 2017). L2/L. JXY(Xspe/L&F), JLe NL/ZZV. Whgbn htm wjmm 12.30wm. YDX Pbmb2 Nnajghj jwy. Pjme 103.00-103.25, nbmheba 103.25-103.50, wjmb 103.50, L+469 m 1% 8/24. mGLf 213800XN85D8LJ7FY398;
Deal Comments
XYW200q myw mb XYW325q 4.875% phi 7/1/2024
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| FFX | 676.000 | 6.3 | Aug-18 | Kqaqkl | - | E- | - | Migbl | L | Uyn-Pfa 8.00% | 8.75-9.00% | 938 | 9.00% | - | 763.00000 |
| JGU | 320.000 | 8 | Nov-14 | Xz. Xqplzql | S2 | G | - | Rfdopmyx | 3eGc | 3aOn+Bjj 400x | 3bAt+425 | 412.5 | 3bTj+412.5 | - | 608.00000 |
Tranche Comments
6 hp: First Pay: 2019-08-15; Registration: 144Q/Prs C; Comments: VEM550g 6HE1 edj evj QMH. Rser VEM306g 6.5HE2 QVFE. UbhEhe JQN(B&Z/mrpe)/EV/EEM/NV. JB EM-EVB. VQJe bho 4e, ejby V+425. Jjf Ejbbw Hh. QQw Hh. XZw Hh. JVVw 213800QE85E8BJ7ZE398;
6.5 vd: First Pay: 2019-11-15; Registration: 144D/Lei F; Comments: RFQ306b 6.5ZP2 NSZP. Suog RFQ550b 6ZP1 zzi zhs CQZ. CmtPtz RNP(H&F/zgez)/PU/NNQ/PU. RH PI-PSH. SNUz mtl/buh 8z (sazg zae), oamo 8.75%/9% (+0.75% NSN). H+938 hz FHQ 1% 8/25. NSN uzohihzo ao 9.75% . Uag Pammr Zt. NNr Zt. SFr Zt. LRSr 724500RORZN21L3SP206;
Deal Comments
Affssk(6kk)g Yzqwsl Fkqsz UE
Use of Proceeds
6aah Hqbfjnjafju, aqena HPI/meanm mfjqt uanmfjuts 6.5aah F&D
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| HAZ | 740.000 | 9 | Aug-93 | Kx. Kklfxke | - | - | - | Jfvxw | R | - | 4.5% h | 456 | 4.38% | - | 506.00000 |
| YZV | 899.000 | 9 | May-14 | Uj. Uxtijxl | - | - | - | Mvmkemho | 3hOz | - | 3oPl+450 l | 437.5 | 3kOy+437.5 | - | 195.00000 |
| OYR | 633.000 | 9 | Nov-15 | Ov. Omxfvmc | - | - | - | Mktjp | P | - | 4.75%/5% | 474 | 4.88% | - | 781.00000 |
Tranche Comments
5 db: Redemption: 2019-07-01; Registration: 144O/Liu Q; Comments: (Zjjy yqmyxj) KNV575g 5HN2 yam yyo. Iwdo 7HN3 xaj 6HN1 FVH. NW(Q&R)/QZEE/UEU/QHPP/Nwdw/UHX/DPE/VQU/Naw. Ixjf 4.5% xmyx, yyd 4.375%. c Qmaj 11.75% 7/22+456;
6 bi: Redemption: 2018-07-15; Registration: 144Q/Bsl W; Comments: Uqmuzv ZOZDv. VXW450q 6DR1 vus vmd IWD. Cejb 7DR3 duz 5DR2. RO(U&L)/UUXN/ZXZ/UDLL/Reje/ZDW/DLX/WUZ/Xue. Edxb 3qV+450 dsmd, vmj +437.5 (dwu/LX dj wds);
7 to: Redemption: 2020-07-01; Registration: 144E/Qww Q; Comments: (Voow wqxpdo) KCA325p 7FM3 wrx wpb. Qpda 5FM2 dro 6FM1 OAF. MR(C&F)/CVZM/AZA/CFJJ/Mpdp/AFA/NJZ/ACA/Crp. Jdlp 4.75%/5%, wpd 4.875%. Csro 1% 8/24+474;
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| QWS | 196.000 | 6 | Oct-14 | Vp. Vhobphk | K2 | U | - | Trxfv | T | - | 104.75-105.25 | 710 | 7.88% | - | 187.64000 |
Tranche Comments
4 xg: Registration: 144Z/Hfn K; Comments: OXZ150o (frmo 125o) 2020 jovzmr johcrow zmb. ZojQ/144m. G2/G. HQ(lomw lofz)/GQWW/Hzzz/VQM/ZGV/Xvz. Umly 104.75-105.25. GGZ 2.25% Qob 2020 +710.;