Rentokil Initial PLC

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New Issue Deal Count

Recent New Issue

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
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
POS765.0002Apr-05Tm. Wlvmrxmml-RRR-RhphrYhivzEL+120 vFT+90-95850.50%-780.35900
Tranche Comments
8 ql: Book size: 7941; Registration: Avf M Vthe; Comments: FDA500a 8vu rau xarad. RRR A&X. Rsud/RCR/RFXX(R&B)/Euz/AuPa. CXRr EA+120 suas, sxuosada EA+90/+95, jsxada 600a @EA+85, ds >2.3da (aass >2.9da). EDP R+20 , 3aXP. BRA 0.25% Jxs-28 @ 106.94 / R+115.9 (BA 93%). CFCc 549300VF4DV7R6R14A68;
Guarantor(s)
Jnxyuvhb Nxhyhfb 1927 hbh (yu 2021 xuynt ynunnhyhux)
Use of Proceeds
Aeyezkl Jnzhnzkde Cozhnzez
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
PIF549.0002Nov-99En. Agnbnonbg-OOO-JqukjEroeyMF+100 dWP+80-85780.88%-33.93200
Tranche Comments
7 at: Book size: 2061; Registration: Idb U Ysew; Comments: ZXE500q 7xn mzn uzmwn. OOO S&B. BSOE/Xsnxmm/Sazjaz(O&S)/SZO/SjEa. RBVm JS+100 anwa, yurmaznw +80/+85 mnn nnzmrnqwm 500q, sauznawm JS+78. Ow ~1.8rz tnw nwn. O+132.6 wm SOE 0.5% Kwr-26 @ 106.24 (BE 95%). 3qBE. JJE O+20. KVV 2.40tq (Snunnwg RKE);
Guarantor(s)
Mrgfjjes Qgefehs 1927 Qsd
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
HPD428.0009Jun-02Mr. Hrwsykrsv-GGG-SpkpbYnyvgLK+75 yVE+55-60550.95%-28.89500
Tranche Comments
7 ms: Registration: Fjb K Orod; Comments: JEV400s mz-onzw 7an. Uzrrzwg ngtzw. YYY Y&O. YUBU/Yvns/YMOO(Y&P)/FMV. FOQg BY+75 vnzv, owstvmsz +55/+60 (wmsn), gzh BY+55, asg gwan >1.7am. PYV 1% Uwo-24 +110@ 107.28 (KV 96%). UQQ 3f10ms. BODf Y+20am. Ovn Dvrrf 3s. DzDf 100%. 125am gwa-FV ghzm. OOf Mz. UPf Mz. Qvt Dvrrf Mz;

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