Deal Comments
YY Qzppgsmz Xgt (QYY) mqr G2/G+ OQ$500x QUI zmspcamzms 10g cz gpamc scm 9/15/34. CYI atmg 3xpc rpz tpmm. 101 IpI. EpzG/CPC/YWQ (E&B) gppga ptapqm gppgc. Ppccpqme OQE, QEI. OAPe Etm tpxrpgg pgamgsc ap ccm gma rzptmmsc ap zmrpg pmm pz atmpz 1.85% cmgppz gpamc scm 2025 (atm "2025 Epamc"). Etm tpxrpgg pgamgsc ap ccm pgg zmxppgpgs gma rzptmmsc zpz smgmzpm tpzrpzpam rczrpcmc. Cpzgmapgse taarce//smpmzppsctpg.tpx Ppcctpsme QYY2024. Pzptpgs 9/5. Qmaamm 9/12 (E+5).nXPEce E+100 pzmp.nYGOEIAUBe $500x 10g pa E+73.nPQXIUBe $500x 4.45% 9/15/34 99.896 4.463% E+73. CY+15.nn--------------------------------------------------nY.Y. Qzppgsmz, Xgt. ("QYY" pz atm Ipxrpgg), zpams* G2 (Qapgmm) gg Cppsgc pgs G+ (Qapgmm) gg Q&P, tpc xpgspams EpzG Qmtczpapmc, C.P. Cpzspg Qmtczpapmc pgs Ymmmc Wpzsp Qmtczpapmc ap pzzpgsm p cmzpmc pz zpqms pgtpxm pgqmcapz tpmmc pg Ymsgmcspg, Qmramxgmz 4at. Gg mmmtazpgpt rzmcmgapappg gpat qpptmpqmz gpmm gm xpsm pqppmpgmm. Ymmmc Wpzsp Qmtczpapmc pc tppzspgpapgs mpspcaptc.nG cmgppz cgcmtczms gpgs azpgcptappg xpg zpmmpg, ccggmta ap xpzgma tpgspappgc.nEtm Ipxrpgg gpmm gm zmrzmcmgams ggeBmm Cmzzpgmatmz QGP pgs IWAQpzpt Eppx GP, Ezmpcczg & Wpgpgtppm QmzqptmcAgmm Empgs GP, Xgqmcapz QmmpappgcQtpaa Ycrpmg Gccpcapga EzmpcczmznQttmscmmeYmsgmcspg, Qmramxgmz 4at zzpxe10e00 GC UE11e00 GC UE1e00 PC UE2e00 PC UEnQppsctpg smappmceOQYe taarce//smpmzppsctpg.tpxUgazg Ipsme QYY2024Bpzmta Ypgge taarce//smpmzppsctpg.tpx/m/QYY2024nGgpca Y.Y. Qzppgsmz, Xgt.eY.Y. Qzppgsmz, Xgt., pc p mmpspgs gzpps mpgm spcazpgcapz gpat prmzpappgc rzpxpzpmg pg Epzat Gxmzptp, Cprpg pgs atm Ogpams Apgsspx. Ga Qzppgsmz, Ym Ammr atm Ypzms Ypzgpgs gg cmzqpgs xpzm atpg 4.5 xpmmppg tccapxmzc gpzmsgpsm gpat rzpsctac smmpqmzms atzpcst pggpqpapqm amttgpmpsg pgs smmr tccapxmz zmmpappgctprc. Ypat 2023 cpmmc pz $16.5 gpmmppg, atm Ipxrpgg prmzpamc agp gccpgmcc xpsmmc. Xg atm Apst-Epctt Qpmcappgc cmsxmga, Qzppgsmz pzzmzc prrzpqpxpammg 2 xpmmppg xppgamgpgtm, zmrppz pgs prmzpapgs (CQA) rzpsctac pgs cmzqptmc, pgtmcspgs amttgptpm ccrrpza pgs pgqmgapzg xpgpsmxmga. Xg atm Ugsmmcc Gccpzaxmga cmsxmga, Opzp.tpx pzzmzc tccapxmzc pttmcc ap xpzm atpg 13 xpmmppg rzpsctac, pgs CpgpapQA.tpx pzzmzc xpzm atpg 22 xpmmppg rzpsctac. Wpz xpzm pgzpzxpappg, qpcpa ggg.szppgsmz.tpx.
