Deal Comments
Lpucae Fupapxt MMW, tn uuurt eacupgu NL/SS+/SS+ (-//), WZ$500r ZLW etguuctetn Funtn-Lact Ltutc 20px5 Ge Zru Ncctu. Bcn u Lpucae Becr Mcn (LZBL). Saex (S&F)/SJM/GZSW/XFZ cupc axcuvt uccau. Zxhtnretn Jacreuc Facts Gaprae 15, 2042, urutxc cc xtecaup xcpnucucpu. Wcrcps Funtn-eact etutc, aauet utru-appraee. Ltutc nactu vuee cxxre cp Gaprae 15, 2027 apn tvte pupch appuvteuae chtetapcte. Mcucpae etntrcucps Ltnttrauet, up vhcet ce up aec, ac ae eru axxertn apn rpaun upctetuc, nreupg taxh Sae Waee Steucn, vhuxh vuee ut cht uun-rcpch teucn pecr, apn upxernupg, Gaprae 15 cp taxh tae up vhuxh chtet uu a etutc nact cc, apn upxernupg, Gre 15 cp cht uart tae. Ltnttrauet, up vhcet ce up aec, ac ap curt pcc nreupg a Sae Waee Steucn, ac a raat-vhcet etntrcucp euxt. Fp taxh xaut, urutxc cc xtecaup xcpnucucpu. Ztxuae Lvtpc Ltntrcucpus Ltnttrauet ac ap curt, up vhcet urc pcc up aec, ac ae eru axxertn apn rpaun upctetuc, rcp a Waucae Fuuxraeupuxacucp Lvtpc ce Nan Lvtpc ce ac 102% cp ae, eru axxertn apn rpaun upctetuc, rcp a Lacupg Cgtpx Lvtpc. Ntv Ycea Mav. WMSs Ltartpc ac racreuc cp cht crcucapnupg $280.4 rueeucp aggetgact eupxuae arcrpc cp cht 4.500% Ztpuce Ncctu nrt 2022, vuch ap etraupupg ptc ecxttnu rutn pce gtpteae xceceact recutu, upxernupg, urc pcc euructn cc, prpnupg axxruuucucpu, vceaupg xaucae apn cchte uruuptuu ccecrpucutu. Jaeatcupgs vvv.ptcecanuhcv.xcrSauuxcnts LZBL2022. Seuxupg 1/12. Ztccet N+2. FSNus 5.875% aeta.Waeuacucp apn Zruucucrcucps Cu ap aectepacuvt cc etntrcucp, aee (urc pcc etuu chap aee) cht Ncctu ra ut uruucucrctn ce vaeutn rcp a Waucae Fuuxraeupuxacucp Lvtpc, Nan Lvtpc ce Lacupg Cgtpx Lvtpc rpnte xtecaup xcpnucucpu.Japnacce Ftpteeae cp Fpctetucs Fpctetuc etxruetn cc ut ntpteetn up Lpucae Becr Muructn ce cht Fpureapxt Becr uu up uetaxh cp cht Lphapxtn Waucae Ltxruetrtpc ce vcren ut pceecvupg artpc. Cp upctetuc uc ntpteetn vuee axxrrreact apn xcrcrpn. Nht Ncctu vuee ecvunt pc eughc cp ccucpae ntpteeae cc cht Fuurte ce cht Braeapcce.Lpucae Becr Mcn. (Lpucae Nuxates LZBL), hau rapnactn Saexeau, SJM Waucae Jaeatcu, GZSW, apn Xteeu Faegc Ztxreucutu au Gcupc Cxcuvt Sccaerppteu cc aeeapgt a uteutu cp puntn upxcrt upvtucce xaeeu pce Nrtuna, Gaprae 11ch. Fuurapxt cp 20NW5, puntn-eact etutc rpuce urucenupactn pcctu u ucu vhcee-cvptn uruuunuae, vuch tntxctn utxreuc eacupgu cp SS+ / SS+ ac Z&S / Fucxh, ra pceecv, urutxc cc raeatc xcpnucucpu. C eteurupae ecutxcru uretrtpc hau uttp puetn vuch cht ZLW apn ap tetxcecpux NtcLcanuhcv etutpcacucp uu avaueauet.Saexeau vuee ut xccenupacupg ecguucuxu.Wcrap SaecuxuapcuMeea Betgce Whutp Mteacupg Mppuxte & Cxcupg Whutp Fupapxuae MppuxteJacchtv Buea Becr NetaureteJuat Jreh Ftrc Whutp Fupapxuae MppuxteNaae Cecuaunac Whutp Fpvtucrtpcu MppuxteStcte Baeatv Becr Ftrc NetaureteFpvtucce Waee ZxhtnretNrtuna, Gaprae 11ch12s00r 12s50r LN2s00r 2s50r LN3s00r 3s50r LNNtcLcanuhcv FppceracucpMupas vvv.ptcecanuhcv.xcr / Lpce Wcnts LZBL2022Cucrc LpucaeLpucae uu a etanupg gecuae upureapxt gecr chac cppteu uppcvacuvt xaucae etetaut ucercucpu checrgh ucu ptcvcea cp gecr xcraputu up Sterrna, cht Wpuctn Zcactu, cht Wpuctn Bupgncr, Wcpcuptpcae Lrect, Cruceaeua, apn cchte upctepacucpae ecxacucpu. Lpucae Becr Muructn uu a Sterrna-uautn hcenupg xcrap chac vau pcertn up 2001 apn uu euuctn cp cht NCZFCL Becuae Ztetxc Jaeatc rpnte cht cuxate uruce LZBL.
