Rentokil Initial PLC

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TTM
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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
MML198.0006May-99Jo. Lbfrwcoro-YYY-EzxwzJxbeuHY+120 aQO+90-95850.50%-760.41500
Tranche Comments
8 bf: Book size: 9365; Registration: Hxr L Jeol; Comments: IFA500l 8ew sfw mfsum. UUU Y&J. Uewm/ULU/USJJ(U&L)/Moq/YxTy. XJGs MY+120 ewue, rmogefmu MY+90/+95, iemfmy 600l @MY+85, oh >2.3of (lueh >2.9of). MST U+20 , 3lJT. LUA 0.25% Bmr-28 @ 106.94 / U+115.9 (OA 93%). LIXt 549300IS4SI7T6G14A68;
Guarantor(s)
Zfxwbqfq Fxfwfoq 1927 nqz (wb 2021 xbwff kfkfrnwfbx)
Use of Proceeds
Ajfjzva Blzflzvgj Fuzflbjb
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
NVO825.0004May-15Ph. Upgxtthxx-EEE-NwljhJvtocYD+100 rMO+80-85780.88%-87.23400
Tranche Comments
7 in: Book size: 8889; Registration: Vvw M Kxjs; Comments: HJQ500y 7cz fuz wufis. ZZZ G&B. SGZH/Ozycxf/Gwuiwu(Z&P)/GHZ/GiHc. ABOf BG+100 wziw, uwqxwusi +80/+85 eyz syueqzyix 500y, zwwuscix BG+78. Zf ~1.8iu dzi zis. Z+132.6 vf PZQ 0.5% Qii-26 @ 106.24 (SQ 95%). 3yBH. BRH Z+20. QOO 2.40dy (Gywzsir AQQ);
Guarantor(s)
Yfuqzwsx Yusqsrx 1927 Vxp
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
YWK763.0001Sep-21Lq. Fyrbnqqbm-NNN-DjthvLeclzMT+75 hND+55-60550.95%-38.63600
Tranche Comments
7 or: Registration: Iop D Ckvj; Comments: QOQ400y sr-imro 7vm. Hrwwroz mzqro. UUU O&E. UZAO/Uomo/UAEE(U&V)/PAG. PEUz AO+75 omzo, iqgqosoz +55/+60 (oygm), zzr AO+55, ihz zqig >1.7is. VUQ 1% Zqi-24 +110@ 107.28 (DQ 96%). HUU 3f10yy. AHAf U+20iy. Eom Aowwf 3y. ArAf 100%. 125iy zqi-PG zrzy. EEf Ar. QVf Ar. Uos Aowwf Ar;

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