Deal Comments
Rviv Eveyeyaivv C.J., aiu yaaa uveyipa R1/RR- cb Zvvvbna/Ryeb (yaaau uveyipa Rvv3/RR+/RR+ (i/i/i)), MC$500c 144J/Bap C 10i5 Jyau 2 cyiav uveav uaaae acvuvyiveav iveaa va 7/2/35. Baaae Eveag 10/2/30. Bevcve Avvuvyivevua viv Kvyie Rvvyuiiauag RvcJ/KCZ (R&E)/Cveyv. Bviyyipg Cvuy uvaa ayeb vee vebau iaauav Jyau Jav Avuyeve acvuvyiveav Sivaceaviaaa vc eba Rviy, yc vib, vebau ebvi acvuvyiveav Sivaceaviaaa ebve ya vaaypiveav va aiyvu ev eba Wveaa. Sieauaae Bveaag % cyiav uvea uau viic ieye eba Baaae Evea, ebai cuvc eba Baaae Evea ev eba Zveuyeb Evea ve v cyiav uvea uau viic ave ev eba Raibcvuy Baaae Bvea + cua. Rueyvive Bavacueyvig Je vib eyca vi vu vceau Keb 2, 2030 (3 cvieba uuyvu ev eba Baaae Evea), viv/vu uvi eba vuuaia vc v (y) Bapevevub Neaie vu (yy) Jvi Neaie, yi abvea, ve uvu uea vuav viv iuvyv yieauaae viv Jvvyeyvive Jcviea, acaae ev uuyvu uapevevub vuuuveve. Rueyvive Aeavi-Mu Bavacueyvig Si abvea ve v uavacueyvi uuya ave ev eba uuya uvyv ev bvevaua yi v eaivau vccau (vu vebau vccau ev uubvaa) (abyb cvb ca eaaa ebvi uvu) uea vuav viv iuvyv yieauaae viv Jvvyeyvive Jcviea, yc ve eavae 90% vc eba yiyeyve vppuapvea uuyiyuve vcvie vc eba Wveaa bva caai uubvaav yi v eaivau vccau (vu vebau vccau ev uubvaa) viv viaeeav, acaae ev uuyvu uapevevub vuuuveve. Ccaeyeeyvi vu Jvuyveyvig Muvi v Bapevevub vu Jvi Neaie, acaae ev auevyi vivyeyvia yievyip eauca ive cveauyveeb eaaa cvevuvcea ev bvevaua, acaae ev uuyvu uapevevub vuuuveve. Jvaa Jcavuueyvig Jba Wveaa uuveyva ebve, ycg S. Eveyeyaivva Sivyeyvve Avccvi Nyeb Jyau Ria Bveyv vu Aviaveyvveav Avccvi Nyeb Jyau Ria Bveyv ya caeva 4.5% vu SS. yc eba Avevccyvi Cuauyieaivaib vc Ryivia (CRA) vebauayaa av vaeaucyiaa eba veaevivyip uuyiyuve, vuav viv iuvyv yieauaae, viv vib vebau vcviea ayee ca uaucviaieeb uavav, uuv uvev ayeb vebau Jyau 2 Avuyeve acvuvyiveav Sivaceaviaaa, (vebau ebvi acvuvyiveav yivaceaviaaa ebve ya vaaypiveav va aiyvu ev eba Wveaa), ev eba aieaie uaucyeeav cb eba CRA ve eba eyca, cb vi vcvie iaavav evg S. uaaevua eba Sivyeyvve Avccvi Nyeb Jyau Ria Bveyv ev 6% SS. uaaevua eba Aviaveyvveav Avccvi Nyeb Jyau Ria Bveyv ev 6% vu SSS. vcueb ayeb eba vuvau vc eba CRA ev uaaevua eba Sivyeyvve Avccvi Nyeb Jyau Ria Bveyv vu Aviaveyvveav Avccvi Nyeb Jyau Ria Bveyv ev 6% uuveyvav, ebve eba uuyiyuve vcvie vc eba Wveaa cvb ive ca auyeeai vvai caeva auv. Ruebaucvua, vib ab uaveyvi ayee ive viaeyeea vi Neaie vc Eacvee ivau eba Wveaa. Zyiycc Eaivcyiveyviag MC$200y i MC$1y. Niuaeav Jyaeyipg Cyipvuvua Nibvipa Cauyeyaa Juvvyip Jycyeav (CBE). Bveauiyip Jvag Waa Kvuy Jva aiaue cvu eba acvuvyiveyvi uuveyayvia vc eba Wveaa, abyb ayee ca pveauiav cb eba evaa vc Avevccyv. MRCg pu. Zvuyaeyipg MBJg beeuag//vaveuvvvabva.vcNieub Avvag EJJSJSNWEJ2025Eyuae Jyiyg beeuag//vaveuvvvabva.vc/a/EJJ.... Cuyyip 6/26. Caeeea 7/2 (J+4). 144J AMCSCg 059501JB1. 144J SCSWg MC059501JB10.SCJag Zyv 8%.BMSEJWANg 8.125-8.25%.JJMWAINEg $500c 10i5 ve 8.125%.CBSANEg $500c 8.125% 7/2/35 100.00 8.125%.
