| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 550.000 | 5 | Aug-26 | Sr. Unsecured | Baa3 | BBB- | BBB- | Fixed | Tsy | T+120 a | T+100 a | 90 | 1.50% | - | 99.74100 |
| USD | 750.000 | 10 | Aug-31 | Sr. Unsecured | Baa3 | BBB- | BBB- | Fixed | Tsy | T+170 a | T+140 a | 130 | 2.45% | - | 99.74500 |
Tranche Comments
5 yr: Book size: 2500; First Pay: 2022-02-12; Redemption: 2026-07-12; Registration: 144A/Reg S; Comments: US$550m 1.50% cpn 5-year(8/12/26) at 99.741, yld 1.554%. Spread: T+90bp. MWC T+15bp. CoC:101%;
10 yr: Book size: 3500; First Pay: 2022-02-12; Redemption: 2031-05-12; Registration: 144A/Reg S; Comments: US$750m 2.45% cpn 10-year(8/12/31) at 99.745, yld 2.479%. Spread: T+130bp. MWC T+20bp. CoC:101%;
Deal Comments
Active Bookrunners: JPM(B&D) (10yr), BAM(B&D) (5yr), CTI. Passive Bookrunners: WFS, NWB, MUF, TRU, HSB, LLY, BRC
Guarantor(s)
Ashtead Group plc
Use of Proceeds
Redeem notes