NEW ISSUE ALERT
DEAL DETAILS
Issuer CMA CGM S.A.
Issue Size 300,000,000
Expected Timing Pricing tomorrow, following the finish of the roadshow in Paris
Denomination EUR 100'000 + 1'000
Total Deal Size min.€300 million
Maturity 7NC3 (Jan-25)
Initial Price Thoughts 5.50%-5.75%
Sec Type Senior Unsecured Notes, pari passu with existing 20
Corporate Ratings B1 / B+
Exp. Bond Ratings B3 / B-
Biz Leading global container shipping company
Change Of Control Investors’ put at 101%
Equity Claw Up to 40%
Covenants Identical to existing 2022 notes
Uop Refinance certain secured credit facilities
Distribution 144A / RegS
List Luxembourg Stock Exchange
Governing Law New York Law
Joint Glocos And Bks BNPP (B&D) / HSBC
Joint Bks CACIB / ING / SG / Unicredit
Source: BNP
PRICE GUIDANCE
5.5-5.75%
Source: BNP
ISSUER DESCRIPTION
CMA CGM SA provides shipping services. The Company offers shipping, vessel and container fleet management, freight delivery, logistics, hazardous cargo solutions, refrigerated containers, cargo cruises, and other transport services. CMA CGM conducts business worldwide.
Source: Bloomberg