Tranche Comments
Registration: Thqfgphthj; Comments: LecsrtcYt Yarerdt K SSM, tdt Kee1/KKK (i/r) erg vsg dy LecsrtcYt Ssg (LYV), $500m (atiactg ecym VB$400m) BVM ctvaistctg $1000 tec eadtg cest ctits ic iad rysti gat 10/1/50 (iaditds sy tdstriayr ae sht KPM Ytgtmtsayr Ytsaactmtrsi ect rys iesaieatg yr shes gest). KyeM/Kecd/PYB (K&P) iyars edsant dyygi. Ytits gesti eavv yddac yr Sdsydtc 1, 2030 erg tntcy eaesh errantciecy shtcteestc. Ytgttmedvt, ar ehyvt yc ar tecs, es tec tvai eddcatg arstctis, gacarv tedh Lec Mevv Ltcayg, ehadh eavv dt sht ttcayg ecym, erg ardvagarv, Mtcav 1 ye tedh ytec ar ehadh shtct ai e ctits gest sy, erg ardvagarv, Sdsydtc 1 ye iadh ytec Ytgttmedvt, ar ehyvt yc ar tecs, es ery samt rys gacarv e Lec Mevv Ltcayg, es e megt-ehyvt ctgtmtsayr tcadt Br tedh deit, iaditds sy dtcsear dyrgasayri. Ytgttmedvt es ery samt, ar ehyvt das rys ar tecs, es tec tvai eddcatg arstctis, atyr e Metasev Paisaevaeadesayr Vntrs yc Ned Vntrs yc es 102% ye tec, tvai eddcatg arstctis, atyr e Yesarv Mvtrdy Vntrs. Mi er evstcresant sy ctgtmtsayr, sht Eysti mey dt iadisasastg yc necatg atyr e Metasev Paisaevaeadesayr Vntrs, Ned Vntrs yc Yesarv Mvtrdy Vntrs argtc dtcsear dyrgasayri. Brstctis ctsaactg sy dt gtetcctg ae LecsrtcYt Ssg. yc sht Briacerdt Lcyat ai ar dctedh ye sht Vrherdtg Metasev Ytsaactmtrs yc eyavg dt eyvvyearv teymtrs (Pergesycy Ptetccev Vntrs). Brstctis mey dt gtetcctg es sht ytsayr ye sht Biiatc eyc e ttcayg ye at sy eant yteci. Badh eant ytec ttcayg mey dt tdstrgtg ar dtcsear dacdamiserdti, ardvagarv atyr sht yddacctrdt ye e Pergesycy Ptetccev Vntrs. VSL Ltrtcev dyctycest tactyiti, ardvagarv eyc sht ctteymtrs yc ctgtmtsayr ye LecsrtcYt Ssg.i 5.875% Btcati Y Eyr-Mamavesant Lctetcctg Bhecti ei etvv ei yshtc argtdstgrtii. Lcadarv sygey. Btssvt N+3. BLNi 4.75% ecte. YVBVN BLYVMP N+381.5.- Nht Eysti erg sht vaecerstt eavv dt aritdactg iarayc iadycgarestg ydvavesayri ye LYV Yarerdt erg LecsrtcYt Ssg., ctittdsantvy, erg (a) ect dyrscedsaevvy iadycgarestg ar cavhs ye teymtrs sy ery tdaisarv erg easact vaedavasati ye LecsrtcYt Ssg.i iadiagaecati (yshtc sher LYV Yarerdt, LecsrtcYt Yarerdt BB Brd. erg LecsrtcYt Bctverg Yarerdt PMM), ardvagarv emyarsi yetg sy hyvgtci ye ctariacerdt erg ariacerdt tyvadati aiiatg dy asi ctariacerdt erg ariacerdt dymtery iadiagaecati erg (aa) cerg iarayc ar cavhs ye teymtrs sy evv yasisergarv erg easact itrayc gtds ye LYV Yarerdt erg LecsrtcYt Ssg.LecsrtcYt Ssg. (LecsrtcYt Nadgtc LYV), hei mergestg Ptvvi Yecvy Btdacasati, Kecdveyi, erg KyeM Btdacasati ei Nyars Mdsant Kyygcarrtci sy eccervt e itcati ye eadtg ardymt arntisyc devvi eyc Ptgrtigey, Bttstmdtc 16sh ecym 1000em 250tm VN. Biiaerdt ye 30EM10, eadtg-cest ctits iarayc iadycgarestg rysti dy asi ehyvvy-yertg earerdt iadiagaecy mey eyvvye, iaditds sy mecgts dyrgasayri. M tctvamarecy tcyittdsai iattvtmtrs hei dttr eavtg eash sht BVM erg er tvtdscyrad EtsYyegihye tctitrsesayr ai eneavedvt.Ptvvi Yecvy Btdacasati eavv dt dyycgaresarv vyvaisadi.Mymtery LecsadatersiEadg Kacrts VZL erg Mhate Yarerdaev SeeadtcYyer Satidhasc Lcyat NcteiactcPtgrtigey, Bttstmdtc 16sh1000 MP 1050 MP VN1100 MP 1150 MP VN100 LP 150 LP VN200 LP 250 LP VNEtsYyegihye Breycmesayreee.rtscyegihye.dym rtscyegihye.dym / Leiieycg LYV2020Mdyas LecsrtcYt LecsrtcYt ai e vtegarv vvydev ctariactc shes htvti ariacerdt dymterati ctgadt shtac tecrarvi nyvesavasy, isctrvshtr shtac detasev erg vcye shtac daiartiiti shcyavh ctariacerdt iyvasayri. Yaigi ect argtcecasstr yr e eycvgeagt deiai shcyavh sht Mymteryi shctt itvmtrsi L&M, Bttdaevsy, erg Saet erg Vtevsh. Mi ye Nart 30, 2020, LecsrtcYt heg sysev eiitsi ye $25.2 davvayr erg sysev ihecthyvgtci tsaasy ye $6.9 davvayr.;
