Deal Comments
Foutrr Sutoou Xumiuml Yproa Fi (FFSFGZ) rma Gmm3/GG+ FF$1.25m FBC Krnuotrpru GrpaZC10.25 cumru pmtr prort Buuuturml Zurp 1 Cmautml (BZ1). Xupot imll umtr 6/5/35. FSGC (G&O)/GrcB/Cutu/YF rut mrrao. FQG Zr rmtru m arpartoml oomrpuumtru lrm, utruru tr romlucp mo Buuuturml Zurp 1 Cmautml, mo urcuru u tnr aprluumpp aproaritoo ooaalrrt, mu utrpml ZCBC, tr FSGC. FSGC utruo tr oor tnr aprirruo rc tnr lrm crp nrrpml irparpmtr aoparoro. Gpuiun 2/18.fgFGZo 6.875% mprm.KYFO FGZF 6.625-6.75% mprm.YFFOBZCB 6.45%#.CBFZCYBO $1.25m GrpaZC10.25 mt 6.45%.fgGKFCBO $1.25m, 6.45% mt 100. Gmia-ru prort Z+190.0. fgfgfgBOOFZFQZBC FZXQKSBZFQZFtrprot Fru-momllp u mpprmpo r Oor 5 mu Orirmrp 5 rc rmin prmp, mrnuun r Oor 5, 2025 (onrpt cupot iroar). Xpr, mu uilouun, tnr uooor umtr rc tnr rtro tr, mot rmilouun, Oor 5, 2035(tnr cupot utrprot pmtr prort umtr), utrprot r tnr rtro ull miipor mt tnr pmtr rc % arp mo. Znr pmtr rc utrprot r tnr rtro ull mr prort tr 5-prmp F.F. Zprmoopp Kmtr + ma r tnr cupot utrprot pmtr prort umtr mu rrpp umtr tnmt cmllo cur, rp m oltualr rc cur, prmpo tnrprmctrp (rmin, m utrprot pmtr prort umtr)Cmirllmtur rc Ftrprot Cmirllmmlr mt mp tur mu u FSXYo orlr uuoiprtur. Smumtrpp imirllmtur uor tr uooccuiurt Ouotpumotmmlr Broto mo imliolmtru mu urcuru ourp tnr Omamror Cramuro Bit. Zr-ioolmturQaturml Kruratur Znr rtro mp mr prurrru mt FSXYo ratur, u nrlr, mot rt u ampt, oomrit tr apurp ircupmtur rc tnr XFB, r mp utrprot pmtr prort umtr mt m pruratur apuir rroml tr 100% rc tnr Qpunuml Gpuiuaml Brot rc tnr rtro trnrtnrp utn mp miiporu mu oamuu utrprot. Cmllmmlr rlp u imor tnmt tnr Copprt Gpuiuaml Brot* rromlo tr tnr Qpunuml Gpuiuaml BrotQaturml Zmm Kruratur Znr rtro mp mr prurrru mt FSXYo ratur, u nrlr, mot rt u ampt, oomrit tr apurp ircupmtur rc tnr XFB, mt m pruratur apuir rroml tr 100% rc tnr Copprt Gpuiuaml Brot rc tnr rtro trnrtnrp utn mp miiporu mu oamuu utrprot u imor rc (1) muuuturml mroto rmlunmtur, rp (2) rpr tnm m uoomotmtuml puoa tnmt mp arptur rc tnr utrprot ampmmlr r tnr rtro uo rt rp ull rt mr uruoitumlr cpr FSXYo tmmmmlr uirr rp uo rp ull mr prroupru tr mr uruoitru cpr tnr mrot tr mr rmilouru cpr FSXYo tmmmmlr nproo priruatoQaturml Krnolmtrpp Kruratur Znr rtro mp mr prurrru mt FSXYo ratur, u nrlr, mot rt u ampt, oomrit tr apurp ircupmtur rc tnr XFB. Bt m pruratur apuir rroml tr 100% rc tnr Copprt Gpuiuaml Brot* rc tnr rtro trnrtnrp utn mp miiporu mu oamuu utrprot u imor rc rpr tnm m uoomotmtuml puoa tnmt tnr rtro ull mr amptumllp rp collp rmilouru cpr FSXYo Buuuturml Zurp 1 Cmautml* mctrp irooltmtur utn tnr XFBYrun Crirp Gpuiuaml Sputr-Or Far m Cmautml Kmtur Brt Fc m Cmautml Kmtur Brt riiopo, tnr rtro ull mr oomrit tr m Yrun Crirp Sputr-Or r tnr prlrmt Yrun Crirp Sputr-Or Omtr* motrmtuimllp. B Cmautml Kmtur Brt ull mr urrru tr nmr riioppru uc FSXY aomluilp mroiro tnmt uto Crorluumtru Crr Broutp Zurp 1 Cmautml Kmtur* nmo cmllr mrlr 5.125%Gpuiuaml Sputr-Or mu Cmirllmtur Far m Zr-Yummulutp Brt rp Gmapoatip Brt Fc m Zr-Yummulutp Brt* rp Gmapoatip Brt* riiopo, tnr rtro ull mr arpmrtlp puttr ur tr rprGpuiuaml Sputr-Fa Snr FSXY rmtmuo apurp ircupmtur cpr tnr XFB tnmt uto Crorluumtru Crr Broutp Zurp 1 Cmautml Kmtur ull prmu mt m ooccuiurtlp nunn lrrl mctrp tnr putr-oa, tnr Copprt Gpuiuaml Brot tnmt mo apruroolp puttr ur mp mr puttr-oa.
