Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
IL MARATONETA
Forumer storico
Hai l'isin?
fabriziof
Forumer storico
Ribadisco la domanda per chi usa banche italiche.Mi sa che non si prende,io ho inviato or ora un ordine ,vediamo...
cpandrea
Forumer storico
sono in collocamento che si chiude venerdi
| ****ELEVING GROUP - IPT 9.50% area | Books Open**** | |||
| ISSUER: | Eleving Group (Formerly known as MOGO Finance) | ||
| RANKING: | Senior Secured | ||
| RATINGS: | Issuer rating B- (stable) by Fitch / Issue rating B- by Fitch (expected) | ||
| FORMAT: | Reg S | ||
| SIZE: | EUR 150-175 mln | ||
| SHARE PLEDGE: | All material Group Companies (Net Loan Portfolio > 7.5 mln and minimum of 3% of total Net Loan Portfolio), except for Eleving Group’s sub-Sahara African and Uzbekistan subsidiaries | ||
| GUARANTORS: | All Material Group Companies including AS “Mogo”(Latvia); Mogo OÜ (Estonia); UAB “Mogo LT“ (Lithuania); Mogo LLC (Georgia); Mogo IFN SA (Romania); O.C.C. “MOGO LOANS“ S.R.L. (Moldova); OOO OOO “Mogo Credit“ (Belarus); MOGO Universal Credit Organization LLC (Armenia); AS Renti (Latvia); OCN SEBO CREDIT SRL (Moldova); Kredo Finance Shpk (Albania); Finance Company TIGO FINANCE DOOEL Skopje (North Macedonia) | ||
| PLEDGE OVER RECEIVABLES: | Pledges over all available receivables from European Union subsidiaries and at all times equal: (i) at least EUR 50mln; (ii) depending on the final issuance amount of the notes, at least 28.6% of total bonds outstanding plus any future taps | ||
| FINANCIAL COVENANTS: | Maintenance (Tested Quarterly) | Incurrence | |
| Capitalization Ratio: | Greater than or equal to 15.0% | Greater than or equal to 20.0% | |
| Interest Coverage Ratio: | Greater than or equal to 1.25x | Greater than or equal to 1.75x | |
| Net Leverage Ratio: | Less than or equal to 6.00x | Less than or equal to 5.00x | |
| ADDITIONAL COVENANT: | Change of Control Put | ||
| TENOR: | 5NC2, Bullet | ||
| OPTIONAL REDEMPTION: | Traditional HY call structure | ||
| COUPON: | TBD, payable semi-annually | ||
| INITIAL PRICE TALK: | 9.50% Area | ||
| USE OF PROCEEDS: | (i) refinance the existing 9.5% 2022 Senior Secured Notes; (ii) refinance other borrowings; (iii) cash to balance sheet for GCP; (iv) pay transaction fees and expenses | ||
| DENOMINATIONS: | EUR1K X EUR1K with Minimum Primary Subscription EUR100k | ||
| SETTLEMENT: | T+[6] | ||
| EXPECTED LISTING: | Frankfurt Stock Exchange (Open Market – Quotation Board) | ||
| GOVERNING LAW: | Luxembourg | ||
| SOLE BOOKRUNNER: | Oppenheimer & Co. Inc. | ||
| CO-MANAGERS: | Bankhaus Scheich Wertpapierspezialist AG and Signet Bank AS | ||
| TIMING: | This week’s business |
cpandrea
Forumer storico
a Francoforte ci sono 95k in vendita 102,39 di iutecredit 2026
ma dubito che con banche italiane tu possa prenderle
fabriziof
Forumer storico
Già,l’eseguito non arriva
