Pacific Drilling SA

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD700.0005Oct-231st LienCaa1B--FixedTsy-8.25-8.50%5508.38%-100.00000
USD250.0005.5Apr-242nd LienCaa1B--FixedTsy-12.00-12.50%81111.00%-100.00000
Tranche Comments
5 yr: First Pay: 2019-04-01; Registration: 144A/Reg S; Comments: US$750m snr sec Cpn8.375% due 10/1/23. Ip par. Yld 8.375% T+550bp First pay 4/1/19. Settlement date 9/26. MWC+50bp. Call schedule: 2020 at 104.188%, 2021 at 102.094%, 2022 and thereafter at par. Equity claw up to 35% prior to 10/1/20 at 108.375%. Cusip # 694183AA2. (Source: IFR); 5.5 yr: First Pay: 2019-04-01; Registration: 144A/Reg S; Comments: US$250m snr sec Cpn 11.000% due 4/1/24. Ip par. Yld 11.000%. T+811bp. Fist pay 4/1/19. Settlement date 9/26. MWC+50bp. Call schedule: 4/1/20 at 112.00%, 10/1/20 at 109.000%, 4/1/21 at 106.000%, 10/1/21 at 103.000%, 4/1/22 and thereafter at par. Equity clawback up to 35%. (Source: IFR);
Use of Proceeds
General corporate purposes
Refinancing
Yes

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