Deal Comments
ASHA Ailbul plp (ASHA), eep une dprul Hpp3/HHH b Hiibbt/Zurpp (uned dprul F3/F-/F+ (//)), HS$2 SSA deluredeb PedpBA5.5 eueeb dpre deer llipl nidbupreb piruler piuedrule epndurue (FX1). ASHA (H&O) ile iii. Oeer Opres 12/5/30 pb eppp euerp puuedpdb bpre rpedepered. Zudr ppll peduibs Zdin (pb uplnbul) 6/5/30 ri (pb uplnbul) 12/5/30. Tpruipl Oebenpruis Fr Inedoz ile bupderui, u pile (nr ir u ppdr), bndul pb peduib pinnepul i rpe bpre epllul ue pplebpd nirp pduid ri p Oeer Opre pb ebul i npp Oeer Opre (irp bpre uplnuue). Xpe ipruipl debenprui pdupe ull e pr ppd pln pb pppdneb pb nppub ureder ri (nr eeplnbul) rpe bpre ie debenprui (eeplnbul pb pppelleb id beeneb ri ppue ee pppelleb ureder). Ireder Opres Zdin rpe Ine Opre ri 12/5/30s eueeb dpre ie %. Xpedepereds Oeer i eppp Oeer Opre ri p e eueeb dpre enpl ri rpe pdeupulul 5 bepd HSO Xdepndb buelb +. Puruls Fpplupprui pp ee npbe ri lur rpe Sepndurue i rpe Dlipl Seppple Hpdier ie Sndieer Onlu. Diuedul Pps Be Iidi lp, eepepr rppr rpe nidbuprui pdiuuui pb rpe puued ie er-iee pdiuuui ull e liuedeb b rpe lp ie Sllpb pb Nple. SOI Slulules H.S. Zebedpl Ipine Xpeprui ie Ireder Ppbner Nurp Oepepr ri rpe Sepndurue (SOI eluluulurb)s F nide enllb bepdueb u rpe Pdelunupdb Pdipeprn Snpplener bpreb Hpb 29, 2025, ureder ppbner b rpe uned urp depepr ri rpe Sepndurue pde leedpllb eepepreb ri e rpeple ri pedrpu i-pidpidpre H.S. pilbed p nplueueb buuubeb upine, pdiuubeb rppr rpe i-pidpidpre H.S. pilbed neer pedrpu pilbul peduib denudener pb rpe uned u ir p ozppuue eideul uuerner pinppboz u eurped rpe rpeple bepd ie rpe uned u pupp npp ureder ppbner u npbe id u rpe pdepebul rpeple bepd. Xdnrees Xpe Hpi ie Be Iidi Helli, Pibi Hdppp. HTPs Deedpl pidpidpre pndpie pb ri npurpu id endrped rdelrpe ur pppurpl pe pndnpr ri denudener nbed rpe Oeleupr Onle (p beeueb u rpe Pdelunupdb Pdipeprn Snpplener). Pdupul 5/29. Serrle 6/5 (X+5). AHSIPs 404280ZF2.IPXs 7.625% pdep.ODSO IPXs 7.50% pdep.DHIOFBASs 7.05%#.PFHBAASOs $2 PedpBA5.5 pr 7.05%.POIASOs $2, 7.05% pr 100. Hppi-deers X+298.7.TXASOsOpiul u lunubpruiHle pdeuuinlb piuedreb uri idbupdb ppde, rpe Sepndurue dpis(u) Onuid ri plpun ie Seuid Adeburid (p beeueb u rpe Pdelunupdb Pdipeprn Snpplener),(uu) ppdu ppn urp rpe nir euid plp ie pdeeedepe ppde pb(uuu) euid ri pll irped plpe ie uneb ppde pppurplOupderuipdb Ireder PpbnerIreder ppbner pde enllb bupderuipdb, pb i-pnnnlpruueOerduprui i Ireder PpbnerIreder ull ir e ppub u ppe ies(u) rpe pninr ie Oeleupr Ourdunrui eepeebul rpe pninr ie Ourdunrple Iren p ie npp ureder ppbner bpre,(uu) rpe plldelpre ie (e) ureder ppbple u depepr ie rpe Sepndurue pb (b) pb burdunrui ie rpe iub deeeddeb ri u Onle 4.3 (2) ie Apppred 4 ie rpe ozAOO Zudn oz Appurpl Hneeedoz Ppdr ie rpe POF Onleiii (id pb nppeebul pdiuuui pnebul id deplppul npp dnle) eepeebul rpe Hpeunnn Ourdunrple Fninr (ue pb) ppplupple ri rpe Ined p ie npp ureder ppbner bpre,(uuu) rpe Siluepb Aiburui ir eul prueueb u depepr ie npp ureder ppbner, id(uu) rpe Oeleupr Oelnlprid idbedul rpe Ined ri pppel (u pile id u ppdr) rpe ureder irpedue ppbple i npp ureder ppbner bpreFbburuipl FninrIe ppplupple, ppbple urp depepr ri ureder (nr ir pdupuppl)Spepupl Suer OebenpruiXpe Sepndurue npb e debeeneb u pile (nr ir u ppdr) pr rpe Inedoz iprui u ur ile bupderui npi rpe ippnddepe ie p Xpe Suer id p Appurpl Ounplueupprui Suer, p bepdueb nbed ozOepduprui ie rpe Sepndurueoz OebenpruiozSpepupl Suer Oebenpruioz u rpe Pdelunupdb Pdipeprn SnpplenerOeubnpl ApllIe rpe inrrpbul plldelpre pdupuppl pninr ie rpe Sepndurue u 25% id le ie rpe plldelpre pdupuppl pninr ie rpe Sepndurue idulupllb uneb (pb, eid rpee pndpie, pb pbburuipl epndurue uneb pered rpe Ine Opre pb piilubpreb urp rpe Sepndurue p ppdr ie rpe pne edue ppll e beeneb ri ppue ee idulupllb uneb), rpe Ined npb, pr ur iprui u ur ile bupderui, debeen rpe denpuul inrrpbul Sepndurue u pile (nr ir u ppdr) pr pb rune pr p debenprui pdupe enpl ri 100% ie rpe pdupuppl pninr ie npp inrrpbul Sepndurue pln pb pppdneb pb nppub ureder ri (nr eeplnbul) rpe bpre ie debenprui, p nide enllb bepdueb nbed ozOepduprui ie rpe SepndurueozOebenpruiozOeubnpl Aplloz u rpe Pdelunupdb Pdipeprn SnpplenerAppurpl Fbenppb Xdulled SuerozAppurpl Fbenppb Xdulled Sueroz ull ippnd ue pr pb rune rpe ASX1 Oprui u le rpp 7.0% (piilubpreb, urpinr ppplbul rdpuruipl pdiuuui rpe u eeeepr nbed rpe Oeleupr Onle (nle rpe Oeleupr Onle irpedue denude id pednur))Fnrinprup Aiuedui npi p Appurpl Fbenppb Xdulled SuerFered p Appurpl Fbenppb Xdulled Suer, rpe Sepndurue ull e pnrinpruppllb pb uddeuipplb piuedreb uri rpe Inedoz idbupdb ppde pr rpe Aiuedui PdupeAiuedui PdupeHSO ped Aiuedui Sppde (enuupler ri DHP2.70 peb i p eeppple dpre ie DHP/HSO ), nepr ri pedrpu lunureb pru-bulnrui pbnrnerAiuedui Sppde TeeedZilliul p Appurpl Fbenppb Xdulled Suer, rpe Ined npb elepr ri ieeed ine id pll ie rpe Aiuedui Sppde ri ine id pll ie ur idbupdb ppdepilbed pr p pdupe ie DHP2.70 ped Aiuedui Sppde (ozAiuedui Sppde Teeed Pdupeoz), nepr ri pedrpu lunureb pru-bulnrui pbnrnerFldeener urp Oepepr ri rpe Seedpue ie HA Hpul-u PiedsXpe pdiuuui u rpe Pdelunupdb Pdipeprn Snpplener u rpe eprui ozOepduprui ie rpe SepndurueozFldeener urp Oepepr ri rpe Seedpue ie HA Hpul-u Piedoz pde ppplupple
