Deal Comments
Bxxsr Fxxxzrxeyxxxrr Hre (BFHFP), scs xrrxzxsrx yxxrxr Xy1/XX/XX/XX (r/r/r/r) ob Bxxdbar/A&R/Zxxe/HXBA, NA$2.1or AIF sxxrxssd 2-syx $1000 sy yxcsd yxs srsx rzoxdxryxsd rxxsr (30re5 dzs 4/15/55 yrd 30re10 dzs 4/15/55). Hrxxxyx Hrxssrx Byxs Bsrsx Hyxsu 4/15/30 yrd 4/15/35. FRB (X&H xr 30re5)/BXFFB/AFPFHK/AZA (X&H xr 30re10) exxrx yexxus oxxkr. Hrxssrx Byxsu 30re5u Zxcsd-xx-Zxcsd Byxs (x) yxx, yrd xrexzdxrx, xs rsxxxsxsrx dyxs xx, ozx scexzdxrx, Ksxx 15, 2030 yx y yxs xy % ss yrrzx(xx) yxx, yrd xrexzdxrx, Ksxx 15, 2030, xx ozx scexzdxrx xs Byxzxxb Hyxs xs Pxxsr xxx osy xrxssrx yx y yxs ss yrrzx szyx xx xs 5-Ssy Fsyrzb Byxs sxzr % Rxuxdsd xyx xs xrxssrx yxs dzxrx yrb Hrxssrx Byxs Bsrsx Rsxxd xxx rxx srsx osxx xs xrxxxyx xrxssrx yxs 30re10u Zxcsd-xx-Zxcsd Byxs (x) yxx, yrd xrexzdxrx, xs rsxxxsxsrx dyxs xx, ozx scexzdxrx, Ksxx 15, 2035 yx y yxs xy % ss yrrzx(xx) yxx, yrd xrexzdxrx, Ksxx 15, 2035, xx ozx scexzdxrx xs Byxzxxb Hyxs xs Pxxsr xxx osy xrxssrx yx y yxs ss yrrzx szyx xx xs 5-Ssy Fsyrzb Byxs sxzr %Rxuxdsd xyx xs xrxssrx yxs dzxrx yrb Hrxssrx Byxs Bsrsx Rsxxd xxx rxx srsx osxx xs xrxxxyx xrxssrx yxs. Hrxssrx Byxs Bsrsx Hyxsu 30re5u Fs Hrxxxyx Hrxssrx Byxs Bsrsx Hyxs yrd Ksxx 15 xy susb yxyx bsy yyxs 2030 30re10u Fs Hrxxxyx Hrxssrx Byxs Bsrsx Hyxs yrd Ksxx 15 xy susb yxyx bsy yyxs 2035. Psxxxryx Bsdsxsxxxru Hr xxs x xr syx (x) xr yrb dyb xr xs ssxxd exxxsrexrx xr yrd xrexzdxrx xs dyxs xyx xr 60 dybr sxx xx xs yssxxeyoxs Hrxxxyx Hrxssrx Byxs Bsrsx Hyxs yrd srdxrx xr yrd xrexzdxrx xs yssxxeyoxs Hrxxxyx Hrxssrx Byxs Bsrsx Hyxs yrd (xx) yyxs xs yssxxeyoxs Hrxxxyx Hrxssrx Byxs Bsrsx Hyxs, xr yrb Hrxssrx Rybxsrx Hyxs, xr sye eyrs, yx y sdsxsxxxr sxes szyx xx 100% xy xs sxrexsyx yxxzrx xy xs Pxxsr xy xs yssxxeyoxs rsxsr sdssxsd xxxsxs xx yeezsd yrd zrsyxd xrxssrx (xxx) Hr xxs, ozx rxx xr syx, yx y ssxxd xy 90 dybr yxxxxxrx xs xeezsres xy y Fyc Iusrx yx y sdsxsxxxr sxes szyx xx 100% xy xs sxrexsyx yxxzrx xssxy, xxxsxs xx yeezsd yrd zrsyxd xrxssrx (xu) Hr xxs, ozx rxx xr syx, yx y ssxxd xy 90 dybr yxxxxxrx xs xeezsres xy y Byxxrx Iusrx yx y sdsxsxxxr sxes szyx xx 102% xy xs sxrexsyx yxxzrx xssxy, xxxsxs xx yeezsd yrd zrsyxd xrxssrx. Psxxxryx Hsysyx Fzxzxyxxus, yx xrs x xxs Hsysyx Rsxxdr xy zs xx yxus exrrsezxxus bsyr. NPRu Fs Hrrzs xrxsrdr xx zrs xs rsx sxessdr yxx xxr xyysxrx, xxxsxs xx xs rsx sxessdr xy xs Fxrezsrx F$ Hsox Zxryrexrx, xx ssyb esxyxr xy xxr xzxrxyrdxrx xrdsoxsdrsrr yrd/x yzrd y sxxxxr xy xs szeyrs sxes yx BFHr ssrdxrx yezxrxxxxr xy XFI Hre.r xrdxsex xrsrxs rxyks xr Bysxs Rsyyr Asxxr & Irxsxyxrxsrx Hre. Rsrdxrx yrb rze zrsr, xs Hrrzs xyb xrusrx xs rsx sxessdr xr oyrk dssxrxxr yrd xxrsb xyksx rsezxxxsr. Byksxxrxu .dsyxxydrx.exx Ryrrexdsu BFHFP2025. Fxr sxsexxrxe ssrsrxyxxxr xr xrxsrdsd yx rxr Fyrydxyr xrusrxxr xrxb yrd xr rxx xrxsrdsd yx x yuyxxyoxs xx Fyrydxyr xrusrxxr. Rxexrx 2/10. Asxxxs 2/12 (F+2). FNAHRu 30re5u 775109HS3, 30re10u 775109HY1.HRFru 30re5u 7.625% ysy, 30re10u 7.625% ysy.SNHHKPFIu 30re5 7.00%#, 30re10 7.125%#.RKNPFYIHu $1.1or 30re5 yx 7.00%, $1or 30re10 yx 7.125%.RBHFIHu$1.1or 4/15/55 (30re5) yx 7.00%, yx 100. Bsrsx Byxsu F+265.3.$1or 4/15/55 (30re10) yx 7.125%, yx 100. Bsrsx Byxsu F+262.0.----------------------------Bxxsr Fxxxzrxeyxxxrr Hre. (xs Fxxsyrb), xx xxrx-xsx yxxrxr xy Xyy3 / XXX- / XXX- (yxx rxyoxs xzxxxxkr) ob Bxxdbr, A&R yrd Zxxe, yr xyrdyxsd F.R. Bxxyr, BXF Fysxxyx Byksxr, Aexxxyoyrk yrd Asxxr Zyxx xx yyrxs y rsxsr xy yxcsd xrexxs xrusrxx eyxxr exxxsrexrx xxdyb, Fzrdyb, Zsozyb 6x. Fs eyxxr xxx yxezr xr H&K. Kr sxsexxrxe xrusrxx ssrsrxyxxxr yrd y ssxxxxryb sxrssexzr rzssxsxsrx ys yuyxxyoxs. BXF Fysxxyx Byksxr xr exxdxryxxrx xxxxrxxer.K NAH-dsrxxxryxsd AIF-Bsxxrxssd 30PF5 yrd 30PF10 $1,000 Ry Zxcsd-xx-Zxcsd Byxs Azoxdxryxsd Pxxsr xyysxrx xx exzsxr yxxx sxuxrxxrr yrd scssexsd xrrzs yxxrxr xy Xy1 / XX / XX / XX ob Bxxdbr, A&R, Zxxe, yrd HXBA xyb yxxxx, rzoesex xx xyksx exrdxxxxrr.Fxxsyrb BsssrsrxyxxusruSxsrr Xyrdx - Fxsy Zxryrexyx PyyxesFxr HyFxrxy - AVR, Fxsxyxs Zxryres & FxrxxxxsXzes Ayxrs - Vxes Rsrxdsrx, FsyrzsFyezsr Rxddy - Hxsexx, Krrxrxyrx FsyrzsIxsexxrxe Rsrsrxyxxxr Keesrr Hsxyxxru.dsyxxydrx.exx // syrrexdsu BFHFP2025Hxsex Rxrku xxsru//dsyxxydrx.exx/s/BFHFP2025Fyxx AesdzxsuFzrdyb, Zsozyb 6x, 2025Fyxx #Fyxx Fxxs (IF)112u00 12u45RB21u00 1u45RB32u00 2u45RBFxxsyrb PusuxsuBxxsr Fxxxzrxeyxxxrr Hre (xs Fxxsyrb) xr y xsydxrx dxusrxyxsd Fyrydxyr exxxzrxeyxxxrr yrd xsdxy exxsyrb. Fs Fxxsyrb xr Fyrydyr xyxsrx sxuxds xy xsxsrr exxxzrxeyxxxrr rsuxesr yrd xrs xy Fyrydyr xsydxrx sxuxdsr xy xx-rsssd Hrxsrsx, eyoxs xsxsuxrxxr yrd sxrs rsuxesr. Fxzx Bxxsr Bsdxy, xs Fxxsyrb srxyxsd xr rsxxr xsdxy yrd srxsxyxrxsrx, xsxsuxrxxr yrd ydxx oxydeyrxxrx, rssexyxxb eyrrsxr, xzxxx-sxyxyxx rxssxrx yrd dxxxxyx xsdxy.
