Polaris Intermediate Corp (POLAS) 2017-1

USD1,300.0005Dec-22SeniorCaa2B--FixedYLD-8.50% a-8.50%-99.00000
Tranche Comments
5 yr: First Pay: 2018-06-01; Registration: 144A/Reg S; Comments: US$1.3bn 5-year nc1 senior holdco PIK toggle notes via GS(left)/BARC/BAML. Equity clawback up to 100% at 102 during non-call period. I/C at 10:30am, CoC: 101%. Px Talk: 8.50% area OID US$99. MWC+50bp. Call sched: 2019 at 104%, 2020 at 102%, 2021 at par.;
Use of Proceeds
Pay a dividend to shareholders.

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