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Altice France 2027 Senior Notes Drop 20 Points

Reorg Blog

Altice France’s 8% 2027 senior notes dropped about 20 points today after management said on the group’s earnings call that it intends to hold back disposal proceeds until it is able to assess all options that can be taken to accomplish its new deleveraging target.

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Primary/Waterfall Analysis: Iceland’s 2027 £475M SSNs IPT

Reorg Blog

frozen foods retailer Iceland Foods is marketing £475 million-equivalent of senior secured notes across two tranches due in 2027. Price talk is in the mid-to-high 11% area for the sterling-denominated senior secured fixed rate notes and Euribor+550 bps for the euro-denominated senior secured floating rate notes.

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Primary: Adler Pelzer New 2027 Bonds’ Terms Are Conservative

Reorg Blog

The post Primary: Adler Pelzer New 2027 Bonds’ Terms Are Conservative appeared first on Reorg.

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Maintenance timelines for SAP Business Planning and Consolidation (SAP BPC)

SAP Credit Management

will continue until the end of 2027 followed by an optional period of extended maintenance lasting until the end of 2030” and “The latest SAP BPC release, which supports the SAP BW/4HANA product line will be aligned with the SAP S/4HANA maintenance extension and will be maintained until at least 2040.” version for SAP BW/4HANA 2.0

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Cash Flow/Waterfall Model: Morrisons’ 2027 SSNs Attractive vs. UK Peers Due to Strong Asset Coverage, Adequate Liquidity; 12% Yield Reflects Declining Market Share, Thin Margins, High Fixed Charges

Reorg Blog

The post Cash Flow/Waterfall Model: Morrisons’ 2027 SSNs Attractive vs. UK Peers Due to Strong Asset Coverage, Adequate Liquidity; 12% Yield Reflects Declining Market Share, Thin Margins, High Fixed Charges appeared first on Reorg.

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John Fredriksen Doubles Down on Archer With Quarter of $100M Private Share Placement, Equity Backstop Fee, Equitization of Convertible Paratus Loan; New $200M 2L 2027 Bonds to Pay SOFR+5% Cash, 5% PIK

Reorg Blog

The post John Fredriksen Doubles Down on Archer With Quarter of $100M Private Share Placement, Equity Backstop Fee, Equitization of Convertible Paratus Loan; New $200M 2L 2027 Bonds to Pay SOFR+5% Cash, 5% PIK appeared first on Reorg.

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Highlights & Key Take Aways from SAP ALM Summit APJ 2023 – Day 1

SAP Credit Management

The road map of SAP Solution Manager Operation is till 2027 and for implementation it is 2030. Maintenance Support for SAP Focused Build and Focused Insights is also till 2027 as it is add-on on SAP Solution Manager. So our approach should be to stick to the standard solution as much as possible.

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