Cloud Crane LLC

8 yr: Registration: 144A/Reg S; Comments: US$470m. Cpn 10.125%. Due 8/1/24 NC3. Ip par. Yld 10.125%. +864bp vs. 2.375% '24 UST. Equity clawback up to 35% at 110.125% until 8/1/19. MWC T+50bp. Settle T+10.;