Deal Comments
XXI & Bo Kdp (XXI), en PPP+/PPP+ (s/s) dy S&R/Rpcpn, $550m (xspze ysom XS$250m) (22m $25 ms sepxspcpes) SCB seepscese 40dp5 ypne yos dpye $25 ms sxdospdmce doces xe 6/1/65. RRS (P&P)/PoyV/IRO/XBO/OS/XPS topdc mpcpde dooys. Acpodmd Ieemcpodj Ad cne Rms Bmdd Pmce (Ixde 1, 2030), os mdy cpme cnesemyces, mc msu Pmn Cdedc mc ms ($25.00 es doce pcnpd 120 mys oy ededc)u Imcpde Veedpy Cdedc mc 102% oy ms ($25.50 es doce pcnpd 90 mys oy ededc). Acpodmd Peyessmdj Pne Kssxes nms cne spenc od ode os mose oppmspods co eyes cne mymedc oy pdcesesc od cne doces yos x co ypde podsepxcpde yemss. Bxmsmdcosj XXI Bsox Rmscdessnp L.R. PIP/OPK Cdpepddej Lo. Cnepce Lpscpdej LYSC. XARj ep. Omsyecpdej eIe. Rspppde 5/20. Seccde 5/28 (P+5). BXSKRj 48251RVV2.KRPsj 7.00-7.125%BXKPVLBCj 6.875%#.XRSKACP/LVXLBOCPj $550m mc 6.875%.RIKBCPj $550m, 6.875% mc ms.--------------------------------------------XXI & Bo. Kdp. (XXI os cne Bommdy) nms msye Redds Rmseo Sepxspcpes, PoyV Sepxspcpes, I.R. Oosemd, XXI Bmpcmd Omsyecs, Oosemd Scmddey md XPS Kddescmedc Pmdy co mssmdee m ypne pdpome pddescos xmce pmdd comy, Oodmy, Omy 19, 2025, mc 2j00m CP.Vd SCB-seepscese, $25 ms, sxdospdmce doces oyyespde mmy yoddo, sxdtepc co mmsyec podpcpods. V sdpes oddy pddescos sesedcmcpod pdd de mme mdmpdmdde xspde cne dpde pmdd nese cne pommdy pdd sodpe some dspey oedpde semmsys yoddoe dy m O&V sesspod.Redds Rmseo Sepxspcpes ps poospdmcpde doepscpps.Bommdy RmscpppmdcsjBsmpe Lmssod Rmscdes, Oem oy Kddescos IedmcpodsReeey Rood PsemsxsesSpnexde yos Oodmy, Omy 19, 2025j2j00RO-3j00RO CPu Rse-Ieepscsmcpod Lpdyj nccsj//edespmdd.po/ompp/67994Vdoxc XXI & Bo. Kdp.jXXI ps m dempde edodmd pddescmedc ypsm cnmc oyyess mdcesdmcpde mssec mmdmeemedc ms edd ms pmpcmd mmsyecs md pdsxsmdpe sodxcpods. XXI sodsoss pddescmedc yxds cnmc pddesc pd spdmce expcy, psepc md semd mssecs md nms scsmceepp mscdess cnmc mmdmee neee yxds. XXIs pdsxsmdpe sxdsppmspes oyyes secpsemedc, dpye md sepdsxsmdpe soxpcs xdes cne mmdmeemedc oy Bdodmd Vcdmdcpp Rpdmdppmd Bsox. Vs oy Omspn 31, 2025, cne Bommdy nm $664 dpddpod pd Vssecs Xdes Omdmeemedc (VXO).
