Issuer: Webuild SpA
Format: Senior, Unsecured, RegS bearer, NGN (TEFRA D rules apply)
Issuer Ratings (S&P/F): BB- (watch negative) / BB (negative)
Expected issue ratings (S&P/F): BB- / BB
Size: EUR 400mln (min)
Settlement: [•] Dec 2020 (T+[•])
Maturity: [•] Dec 2025 (5-yr)
Coupon: Fixed (Annual, Act/Act)
IPTs: 6.250% area
Listing: Euronext Dublin (GEM)
Call Options: 6-month Par Call, Make-Whole Call
Put Options: Change of Control @ 100%
Covenants: Standard high-yield incurrence-based covenants
Governing Law: English Law
Denoms: €100k+1k
Use of Proceeds: Refinancing of 3.750% Senior Notes due June 2021 and other general corporate
purposes
Target Market: Eligible counterparties and professional clients only (all distribution channels);
No PRIIPs KID has been prepared as not available to retail in EEA or the UK
Timing: Books open, today's business
Format: Senior, Unsecured, RegS bearer, NGN (TEFRA D rules apply)
Issuer Ratings (S&P/F): BB- (watch negative) / BB (negative)
Expected issue ratings (S&P/F): BB- / BB
Size: EUR 400mln (min)
Settlement: [•] Dec 2020 (T+[•])
Maturity: [•] Dec 2025 (5-yr)
Coupon: Fixed (Annual, Act/Act)
IPTs: 6.250% area
Listing: Euronext Dublin (GEM)
Call Options: 6-month Par Call, Make-Whole Call
Put Options: Change of Control @ 100%
Covenants: Standard high-yield incurrence-based covenants
Governing Law: English Law
Denoms: €100k+1k
Use of Proceeds: Refinancing of 3.750% Senior Notes due June 2021 and other general corporate
purposes
Target Market: Eligible counterparties and professional clients only (all distribution channels);
No PRIIPs KID has been prepared as not available to retail in EEA or the UK
Timing: Books open, today's business