Brinks Co

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD400.0005Jun-29SeniorBa3BBBB+FixedTsy6.75-7.00%6.50-6.75%2166.50%-100.00000
USD400.0008Jun-32SeniorBa3BBBB+FixedTsy--2436.75%-100.00000
Tranche Comments
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
Use of Proceeds
Redeem outstanding principal amount
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
HMT833.0003Sep-00GxtwgfLm3II-WW+XvmkzRza-5.625% e5165.50%-476.00000
Tranche Comments
5 jl: Redemption: 2022-07-15; Registration: 144W/Rpc R; Comments: IW$400f 5.50% zjc 5-cuam(7/15/25) BK2 af 100, cre 5.50%. Wjmuaek P+516bj.;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
IVC514.00079Jun-12Zg. VkqoftgouPd2PPYY+HfqoxSwk--2284.63%-859.00000
Tranche Comments
10 xt: Redemption: 2022-10-15; Registration: 144D/Eon W; Comments: Ihzvtmb wt IXF600i qeti (IXF500i) 10.000me Ehb. zze vzzme 144X/OmrX qte evqm. Ra2/RR/RR+. RXFV/FIES/EEX/FVF. Fvhmb.;
Refinancing
Yes

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Research