5 yr: First Pay: 2024-12-15; Redemption: 2026-06-15; Registration: 144A/Reg S; Comments: US$400m 5yr(6/15/2029) cpn 6.50% at 100.00. Spread: T+216bps. Call Schedule: 6/15/2026 at 103.250, 6/15/2027 at 101.625, 6/15/2028 and thereafter at 100. MWC: T+50bps. CoC: 101%. Equity Clawback: Up to 40% at 106.5%;
8 yr: First Pay: 2024-12-15; Redemption: 2027-06-15; Registration: 144A/Reg S; Comments: US$400m 8yr(6/15/2032) cpn 6.75% at 100.00. Spread: T+243bps. Call Schedule: 6/15/2027 at 103.375, 6/15/2028 at 101.688, 6/15/2029 and thereafter at 100. MWC: T+50bps. CoC: 101%. Equity Clawback: Up to 40% at 106.75%;
Deal Comments
The total deal was upsized from US$400m to US$800m