| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 425.000 | 5 | Feb-26 | Sr. Unsecured | Baa3 | BBB- | - | Fixed | Tsy | T+350 a | - | 350 | 3.75% | 25 | 99.61700 |
| USD | 325.000 | 10 | May-30 | Sr. Unsecured | Baa3 | BBB- | - | Fixed | Tsy | T+425 a | - | 425 | 4.88% | 20 | 99.56200 |
Tranche Comments
5 yr: Book size: 500; First Pay: 2020-08-01; Registration: Registered; Comments: US$425m 3.75% cpn 5-year(2/1/26) at 99.617, yld 3.826%. Spread: T+350bp. MWC T+50bp. CoC: 101%.;
10 yr: Book size: 400; First Pay: 2020-11-12; Registration: Registered; Comments: US$325m 4.875% cpn 10-year(5/12/30) at 99.562, yld 4.931%. Spread: T+425bp. MWC T+50bp. CoC: 101%.;
Deal Comments
Active Bookrunners: BAM (B&D) (5yr), CIT (B&D) (10yr), JPM. Passive Bookrunners: BNP, HSB, MIZ, MUF, SCO, SMB, UNI, USB.
Use of Proceeds
Repay bank debt for working capital, capital expenditures, acquisitions and general corporate purposes
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