Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,550.0007.5May-281st LienB3B+BB+FixedTsy5.25% a5.00 - 5.25%4345.00%-100.00000
USD1,000.0008.5May-292nd LienCaa2CCC+BB+FixedTsy7.00-7.25%6.75% - 7.00%6026.75%-100.00000
Tranche Comments
7.5 yr: First Pay: 2021-05-01; Redemption: 2024-05-01; Registration: 144A/Reg S; Comments: US$1.55bn 5.00% cpn 7.5yr (5/01/28) NC3.5 (5/01/24) 1st Lien at 100.00, yld 5.00%. Spread: T+434bp. MWC T+50bp prior to 5/01/24, and then 102.50, 101.25, 100.00. Equity clawback: Up to 40% at 105.00 prior to 11/01/23. 144A CUSIP: 35906ABF4; 8.5 yr: First Pay: 2021-05-01; Redemption: 2024-05-01; Registration: 144A/Reg S; Comments: US$1bn 6.75% cpn 8.5yr (5/01/29) NC3.5 (5/01/24) 2nd Lien at 100.00, yld 6.75%. Spread: T+602bp. MWC T+50bp prior to 5/01/24, and then 103.375, 101.688, 100.00. Equity clawback: Up to 40% at 106.75 prior to 11/01/23. 144A CUSIP: 35906ABG2;
Deal Comments
Joint Bookrunners: GSC(B&D) (7.5yr), JPM(B&D) (8.5yr), BRC, MOS, CSG, DEU
Use of Proceeds
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