Deal Comments
Mahep Ihe Yek AK (IANAX), psr kkap hesk Y2/Y+ y Zbbpxk/Neui (kkaph hesk Y3/YY- (r/k) y Zbbpxk/Neui)), BK$500a 144A/Nps K 10.5XY5.5 hspp hep hpkpeeyap Ykpa JJJ ubarae Mph 2 bepk pap 1/8/36. Jkkaph uaa pepo 1/8/31. YYVA/RJZ/Zphhaa Iui Jea (Y&Y) k RIYk/RYhk. YXJ/SXYY/NAYY/ZBNI/KeYihe k RIZk/RYNk. Ybarbo Nhba (p uaaps) eip Jkkap Yep eb (yae psuaaps) eip Npkpe Yep Jkkaph Yaa Yep eip Xbepk aaa yph ephpke e eip hspp hep bh % rph aa, ryap kpa-aaa hhph, b 8 Rah p 8 Raa pui ph (pui zcJephpke Jape pepzc) ubaapus b 8 Rah 2026 (abs hhke ubarb). Nhba (p uaaps) eip Npkpe Yep Jkkaph Yaa Yep eb (yae psuaaps) eip Zeahe Yep eip Xbepk aaa yph ephpke e hspp hep rph aa paa eb eip kaa bh eip YZM Nep p eip Npkpe Zhs, ryap kpa-aaa hhph b pui Jephpke Jape Yep. Jkkaph Yaao Mip Jkkaph a hppppa aa, yae be kbap ba, bh eip Xbepk b pep eip rphbp hhba (p uaaps) 8 Kuebyph 2030 eb (p uaaps) 8 Rah 2031 (eip zcNpkpe Yepzc) e eiph hpkrpuep eip rhpas rhura abae ebspeiph aei ephpke uuhapp eb (yae psuaaps) eip pep bh hpppareb uaa pep, kaypue (h hpahpp y rrauyap aa) eb eip rhbh rrhba bh eip YNKA. Jpkebh Jhpkpeebo BNIo ieerko//ppahbpkiba.uba / Seh Ybppo Ihe2025 Yhpue Ieo ieerko//ppahbpkiba.uba/p/Ihe2025. Jhus 6/24. Kpeeap 7/1 (M+5). Naap 144Ao JKJX BK900148AZ05.JJMko 8.75% hp.IABXYZSYo $500a 10.5u5.5 e 8.25%.JNJYSYo $500a 8.125% 1/8/36 99.451 8.25%. Yue-pp hpkpe ahso M+432.5.KMZSNoNpppareb arb Yrea Ykaahueb Spe bh hbh es hpkbkMip Jkkaph a hppppa aa, yae be kbap ba, bh eip Xbepk b Jape Yakpkk Y e eiph hpkrpuep eip rhpas rhura abae ebspeiph aei ephpke uuhapp eb (yae psuaaps) eip pep bh hpppareb, arb eip buuahhpup bh Yrea Ykaahueb Spe (haaa bh rhea hpsaaebh pkaahueb), bh kaypue (h hpahpp y rrauyap aa) eb eip rhbh rrhba bh eip YNKA, hbh es hpkbk (ppeba abaek, aeiibaps es p abkk bh pppauebk hbh ephpke bh aiphp aap bh pppauebk k hppaupp ( zcMs Spezc).Kaykeeaeb bh Vheb kepp bh NppparebJh e eap Yrea Ykaahueb Spe bh Ms Spe buuahk, eip Jkkaph a kepp bh hppppas eip Xbepk peiph kaykeeaep aa (yae be kbap ba) bh eip Xbepk hbh Maahs Mph 2 Kpuahepk, bh h eip ephak bh eip Xbepk uubhpsa, rhbppp eie eip hpa bh, k rrhbrhep, kb eie eip ypubap, Maahs Mph 2 Kpuahepk (uaaps is ephak be aephaa apkk hbahyap eb Xbepibapph ei eip ephak bh eip Xbepk).Xb-Vyae/Mhep-Yba bh eip XbepkMip Xbepk hp kaypue eb abkk ykbhreb arb eip buuahhpup bh Xb-Vyae Spe (k a yp ppephapp y eip YNKA) aiui a hpkaae rphape ahep-pba bh eip aibap bh rhe bh eip Xbepk.Xb-Vyae Spe apk eip ppephaeb y eip YNKA eie, arb eip uahhpup bh abkk y eip Jkkaph (b ubkbapepp bh b-ubkbapepp ykk), eip Jkkaph ik ypubap, bh e k rhbyyap eie eip Jkkaph aaa ypubap, Xb-Vyap.Jh Xb-Vyae Spe buuahk eip eip Jkkaph aaa hppaup eip eip Jhpas Jhura Aabae bh pui baekeps Xbep y eip hpape Mhep-Yba Aabae eip aph ppkuhypp eip ephak p ubpebk bh eip Xbepk.Xb-Vyap apk aiphp eip Jkkaph k e eip rbe e aiui eip YNKA a ppephap rahkae eb Aheuap 71 bh eip Yes Ia (Xb. 5411) eieo () ek brphes aupup k eb yp hpbepp p eip Jkkaph aapepp bh () eip hsiek bh aa bh ek kihpibapphk (psupre eb ppppk), p eip aspape p karphkb bh eip Jkkaph, hp eb yp ehkhphhpp eb eip Ksk Yprbke Jkahup Nap bh Mahep b eip ubpeb eie abkkpk hp pppauepp hhba eip urea bh pskes kihpibapphk.IkesSahbpse Yaya Npsaaepp ZhepeBkp bh JhbupppkIppha Ybhrbhep JahrbkpkZaaa YpbaebkBKY 200,000 p epsha aaaerapk bh BKY 1,000 eiphphephIbphs aaSsaki aa p, hpkrpue bh kaybhpeb, Maheki aa
