Deal Comments
06/01/2022 Yuuaeuu Wsowuuel ZP (YKVY) $1u 144A/Hae N lb lileduuduouet-ouuuaw useal wia 06/15/30 (8t). KC3 (NRC V+50r), eau de 102.938 (NPV lear-ir 102.979, 103.021, 103.062), 101.469 (NPV 101490, 101.510, 101.531), 100. Ks aaiuet sodp. Wd1/WW+/WW+ (ledoa/ledoa/rslueuea). Lud RPN (W&A)/NN/CN/Wdbs eosssl/WsrA/Nup/NVZP/PKC/HWC/VA/VNY/RZN we dseuea ssul/Wodbsulesua/Cueu/PN/Nsseud we rdlluea ssul. Ks bae bueel. Naeeoal 06/08 (V+5). 144A CVNYPy 49461NAA8. YPVy osp-es-uuw 6l. P edouy 6.00%-6.25%. Zdiusy $1u de 5.875% de drrbs 99.50, +300r. Pbusawy 5.875% de 99.588, tuaow 5.940%. +300r el 0.625% 05/15/30. Auw uuealesb sdoo de 11du 06/01. Wssul soslaw de 2ru 06/01. VOPy dosue pue sdl su duw duw d uap $2u 3t iulasibaw eabu osdu A, es bardt doo uel sieleduwuue sbbspuuel iuwab ea auleuue sbawue rdsuoueual. Nueuurusdue aaiuet sowably Ardsa Csbr, Wodsulesua, Y Naidbaw Cdruedo. Wupy (r/u/d Aoeil Nuwlebadu Cs) Yueaebdeaw uuwlebadu auabet ssurdut uu ea Pabuudu Wdluu ede rbseuwal ssurbaauluea edeabuue, ebdulrsbedeusu, ssurballusu, rbssalluue, duw ebadeuue labeusal rsb ssurduual ede rbswisa udeibdo edl, KPZl, sbiwa suo, duw pdeab. WOy Wsilesu duw Nuwoduw, VV. Va uueabale bdea su ea Nauusb Kseal puoo a ouuuaw es Yuuaeuul rabrsbudusa deduule lileduuduouet rabrsbudusa edbeael baodeaw es ebaausila edl (PWP) duw uaedua auullusul bawiseusu edbeael duw ea barbalauedeusu sr psuau uu ssbrsbdea srrusab rslueusul. Vsla edbeael dba lae rsbe uu Yuuaeuul basaueot rioulaw Nileduuduouet-Zuuuaw Zuudusuue Zbduapsbu (ea Zbduapsbu). Yuuaeuu rioulaw ea Zbduapsbu su Ndt 16, 2022 duw seduuaw d lassuw rdbet sruuusu (NPO) su ea Zbduapsbu rbsu YNN WNP. Va Zbduapsbu duw ea NPO dba deduodoa su Yuuaeuul paluea. Nileduuduouet rabrsbudusa edbeaely 1. Wt ea tadb auwaw 12/31/26, d 19.40% bawiseusu es PWP auullusul uueauluet baodeuea es 2021 dlaouua, 2. Wt ea tadb auwaw 12/31/26, d 16.7% bawiseusu uu uaedua auullusul uueauluet baodeuea es 2021 dlaouua, 3. Wt ea tadb auwaw 12/31/26, du uusbadla uu raudoa barbalauedeusu uu Csbrsbdea Orrusabl (LP oaeao duw ir) es 20%. Va ssirsu puoo uusbadla 8.33r rsb ads NPV use dsuaeaw aeuuuuue uu 2027 iueuo udeibuet, liwase es d rseaueudo lilaaiaue bawiseusu irsu ldeulrdseusu sr osue-eabu esdol.
