January 22, 2025 10:11 GMT
CONSUMER CYCLICALS: Elior; books close in 20min
CONSUMER CYCLICALS
(ELIOR Unsec; exp. NR/B+/B+)
Books close 10:30am London, no view
€500m 5NC2 Price Talk 6-6.25% (eqv. MS+370-395) (-25bps from IPT)
- tender at €100 on the July-26s (+0.64pts over Friday close).
- It turned FCF positive for the first time in 5-years. This is a France focused caterer and a smaller comp to global players Sodexo & Compass (In IG).
Keep reading...Show less
54 words