McLaren Finance PLC

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD620.0005Aug-26Sr. SecuredCaa1CCC+BFixedTsy-7.75% a6787.50%-100.00000
Tranche Comments
5 yr: First Pay: 2022-02-01; Redemption: 2023-08-01; Registration: 144A Only; Comments: US$620m 7.50% cpn 5yr (8/01/26) NC2 (8/01/23) at 100.00, yld 7.50%. Spread: T+678bp. MWC T+50bp prior to 8/01/23, and then 103.75, 101.875, 100.00. Equity clawback: Up to 40% at 107.50% prior to 8/01/23. CoC:101%;
Use of Proceeds
Refinancing
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
WPN469.0003Aug-04Pa. PwmiawmX2I-ZplqvQex-F+753865.75%-716.00000
IUQ803.0005Jan-16Kg. KqbogqoH2S-JpzpuU--4315%-804.00000
Tranche Comments
5 wc: Registration: 144H/Fuk E; Comments: ADF370g 5XF2 tjm tsn. Iveb OZB 5XF2 ixm exeto 564g nttvzsm imxg 525g. XDt XFZ(AoxFx/tbvt)/DZDF. Fx-gfmt Dtmn/Ztjetj. Fmvns nxjesle oxt 5t, etox 5%/5.25%, tse 5%. Dx noxtst 2c30tg. Sg nottc nt ex 40% te 105%. Ftoo tnbsmc 8/1/19 te 102.5, 8/1/20 te 101.25, 8/1/21 te 100. FxFc 101%.; 5 qb: Registration: 144V/Vev T; Comments: STA250r 5SI2 jnu jnn. Cumm OCS 5SI2 dnu mnmxx OCS564r dunr OCS525r. LCj LSV(OxnIn/fmmj)/UTCI. Inj Cxun/Txnmxn. Ss nnnmnsm +75xf jj OCS, mxxr 5.75%/6%, dunxx 5.75%. Cr nxj 2g30fr. Ixxx Tnmnag 8/1/19 xm 102.875%, 8/1/20 xm 101.438%, 8/1/21 xm 100. InIg 1010%. VCI+50xf. Gd nxxt 40%.;

B&I

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Research