Deal Comments
Elhlio Eesencppitlnhlcti rsn (EXRESC), ehr ltihipeth hltli E1/EE+/EE+ (Xhe lo EE Xcir rsn, hee E2/EEE/EEE (t/i/i)), LI$1lt 144E/Xel I tc el llohi 2-rh oolle (60tn5.25 eie 11/23/81 - olih eieh ehe 2/23/27, te 60tn10 eie 11/23/81 - olih eieh ehe 11/23/31). En i icse ihinhiltl leth. En/EcoE (E&B)/Dlhl/UIED oclth nhlpe lccti. Rtheeih ct 60tn5.25m olhee ithls Clih Xeieh Bhe (sctl olih ncirct ct DD5.25). Eoeeohem eieh epeo 5 oei cpe hoe hoet replsltl 5 oe LIE + ltlhls pllt + esepth iher-iri. Clih iher-ir (+25lri)m 2/23/32, iencte iher-ir (eelhlcts 75lri)m 2/23/47a ct 60tn10m olhee ithls Clih Xeieh Bhe. Eoeeohem eieh epeo 5 oei cpe hoe hoet replsltl 5 oe LIE + ltlhls pllt + esepth iher-iri. Clih iher-ir (+25lri)m 11/23/31, iencte iher-ir (eelhlcts 75lri)m 11/23/51). Shrenhee enilho neelh (L/I/C)m Eiteh D (50%) / Rthepeelhe (50%) ithls hoe Clih Xeieh Bhe / 50%. Xttltl co tcheim Beerso iilcelthee, ietlc hc Selto Ioei co hoe Riiie te Xithc. Clih CIS. LSXm lnr. Ltehltlm .eesceioc.ncp (Stho ncee EE2021). Xlnltl 11/16. Iehhse 11/23 (E+5). RXEim 60tn5.25m 4.25% e, 60tn10m 5.00% e.Srhlcts eeoesm Dio nipishlpe te ncprciteltl h hoe Riiiei elinehlct. Dcprisico iehhsepeth irct eenshlct c ropeth co elpleetei ct celto ioei/rlho clsllhlcti co hoe Riiie c hoe Xithc (ehnsieltl lth-lcir ropethi), i ess i irct nehlt choe ropethi c erinoiei (iiloenh hc niihcpo ehnerhlcti)Srhlcts eeeprhlctm Eh to hlpe eiltl hoe 3 pctho r nss relce eteltl ct (te ltnsieltl) hoe esepth Clih Xeieh Bhe te ct to Rtheeih Xopeth Bhe hoeeohe, h rIrenls epeth eeeprhlctm 60tn5.25m Ulhoocseltl Eh h r, Xhltl Drlhs, Enncithltl, Eh Beeinhlllslho Spethi h 101% ithls Dcpeple 23, 2026, r hoeeohea 60tn10m Ulhoocseltl Eh h r, Xhltl Drlhs, Enncithltl, Eh Beeinhlllslho Spethi h 101% ithls Eiliih 23, 2031, r hoeeoheIilihlhihlct c plhlctm Eh to hlpe irct hoe cnnietne co Eh Beeinhlllslho Speth, Ulhoocseltl Eh Speth, t Enncithltl Speth c Xhltl Drlhs Speth, iiloenh hc nehlt nctelhlcti, ic hoh hoe Ienilhlei eplt c lencpe, i hoe nie po le, esllllseLte-ocse eeeprhlctm 60tn5.25m St to Eiilteii Bo rlc hc Dcpeple 23, 2026, lt ocse lih tch lt rh, h hoe Lte-ocse Xeeeprhlct Epcitha 60tn10m St to Eiilteii Bo rlc hc Eiliih 23, 2031, lt ocse lih tch lt rh, h hoe Lte-ocse Xeeeprhlct EpcithLte-ocse eeeprhlct plltm Cce co 50lri te 15% co hoe esepth pllt cpe hoe Xeoeetne Ecte, citeee irei hc hoe teeih 5 lriDotle co ncthcsm 500lri iher-ir irct hoe cnnietne co Dotle co Dcthcs Speth lo hoe Ienilhlei e tch nssee h 101%Xersnepeth stlilem Rthethlct liee, lho niihcpo npe-cihiBcnipethhlct / Xcpetltl Cm Ihtescte / StlslioElhlio Eesencppitlnhlcti rsn (hlntem EXRESC, hee E2/EEE/EEE, telhlpe/ihlse/ihlse lo Lcceoi/I&X/Clhno) oi ptehee Ensoi i Icse Ihinhiltl Eleth te Ensoi, EcoE Ienilhlei, Dlhl te UIED i Hclth Enhlpe Ecctittei hc tle ielei co olhee ltncpe ltpeihc nssi ncppetnltl ct Lcteo 15ho Dcpeple. EcoE Ienilhlei e nccelthltl scllihlni.E eis-htnoe, letnopt ilee, 144E/XelI, 60DD5.25 te 60DD10 oolle htinhlct li ehrenhee hc ocssc, iiloenh hc pteh nctelhlcti.Eoe tchei e ehrenhee hc le hee E1/EE+/EE+ lo Lcceoi/I&X/Clhno te lss le litheee lo EE Xcir Xsn te liiiee itee ihtescte Xcirenhii.E Bes Xceioc reiethhlct lss le pee plslse hc ltpeihci.Eoe inoeeise oc hoe nssi ct Lcteo 15ho Dcpeple lss le i lescmDss #1m 9p LD / 5rp UDDss #2m 6p SIE / 11p LDDss #3m 7p SIE / 12rp LDDss #4m 11p SIE / 4rp LDDss #5m 12rp SIE / 5rp LDDss #6m 1rp SIE / 6rp LDDss #7m 2rp SIE / 7rp LDEE lss le ereiethee lomEtee Elttle Xcir Eeiio BlenhcLlheio Docsl Beriho Xcir Eeiio BlenhcLhh Hctei Rtpeihc Xeshlcti, Ietlc LtleXcile Ulstlti Rtpeihc Xeshlcti, Ietlc Ltle
