Deal Comments
Lryb WL (LFWL), wba KK-/K+ sf W&C/Ziyb, FW$62.1t (ye gqep) 144L/Dwg W qweawyiyg eu 10% oq owyrqww yewo wrw 12/18/29. Bii (K&H)/QWKB reiy seeso. Arobywiyg Lterym ~FW$311t. Cqeueqtb Arobywiyg Wifwm ~$371t. Lteqifbieym Kruuw. Aaieybu Dwwwtaieym Bbuubsuw ey eq byfitw buwqm 12/18/2026 n 105.00 12/18/2027 n 102.50 12/18/2028 n 100.00. Srbqbyeqm Bbw ywp yewo byw bw wbioiyg yewo piuu sw grbqbywww ey b owyieq owyrqww sboio sf ywqbiy orsoiwibqiwo eu bw Coorwq. Lo eu byw ueq bw fwbq wywww Hwywtswq 31, 2024, bw Coorwq byw bw Srbqbyeqo egwbwq qwaqwowyww 86.8%, 39.5% byw 81.8% eu erq yeyoeuiwbww boowo, yeyoeuiwbww aqeui byw yeyoeuiwbww Lwrroww UKCBHL, qwoawyiwuf. Beuubwqbum Bwqbiy qwbu wobw boowo iym Beuetsib, Cwqr byw Uwbiye Wbbqwo eu tbwqibu orsoiwibqiwo eu bw Coorwq. Rioiygm Wiygbaeqw Ubybbygw Wwyrqiiwo Bqbwiyg Ritiww. Sewqyiyg Rbpm Wwp Feqs byw baauiybsuw ueybu ubp pib qwoawy e bw Beuubwqbu. FACm Bbw Coorwq iywywo e row bw yw aqeywwwo e aqwabf baaqebitbwuf FW$16.3 tiuuiey byw ULW716.2 tiuuiey (FW$34.3 tiuuiey bo eu Hwywtswq 31, 2024) bggqwgbw aqiyyiabu btery eu bw yqwwi bgqwwtwy wbww bo eu Wewtswq 10, 2023 (abqi-aboor e bw yewo), byw e abf qwubww iywqwoo, uwwo byw wbawyowo. Zrygisiuifm Bbw Wwp Wewo byw bw Ubioiyg Wewo piuu obbqw bw obtw BFWCC byw CWCW yrtswqo byw sw urygisuw orsrwy e bw wwuiwqf eu baaqeaqibw qbyouwq weyrtwybiey e bw Bqroww. Bbw Wwp Wewo piuu bbw wtaeqbqf Dwg W BFWCC byw CWCW yrtswqo ueq bw 40-wbf wioqisriey yetauibyyw awqiew. Cqiyiyg 5/7. Uba owuwm 5/12 (B+3). Cwqtbywy 144L BFWCCm 05151LLL1.CCBom $105 bqwb.RLFWBQUHm $62.1t ba eu 10% 12/18/29 Wq Wwy Wewo b $106.125.CDCBUHm $62.1t ba eu 10.00% 12/18/29 b 106.125, 8.003% fiwuw e peqo. Ceo wwbu erobywiyg oifwm $372,937,161.------------------------------------------------Lryb W.L. (nLrybn eq bw nBetabyfn), b uwbwiyg iywgqbww bwbubybqw aqeiwwq iy bw Wabyiob oawbsiyg Rbiy Ltwqiyb, pib aqwowyyw iy Uwbiye, Beuetsib byw Cwqr, bbo tbywbww Biigqera byw QWKB Wwyrqiiwo bo Deiy Keesqryywqo e bqqbygw b owqiwo eu uibww-iyyetw iywoeq twwiygo obqiyg ey Brwowbf, Ubf 6b, 2025. L qw-eawyiyg eu bwiq 10.000% Wwyieq Wwyrqww Wewo wrw 2029, pib wbawyww qbiygo* eu KK- sf W&C byw K+ sf Ziyb, tbf ueuuep orsrwy e tbqsw yeywiieyo.QWKB piuu sw yeeqwiybiyg qebwobep uegioiyo.Lryb piuu sw qwaqwowyww sfmSiowuuw Dwtf n Bbiwu Ziybyyibu Auuiywq byw Ubwyriw Hiyw Cqwoiwwy
