Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

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
 

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