| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 400.000 | 4.5 | Jan-28 | Senior | B3 | B | - | Fixed | Tsy | - | 101.00 | 469 | 10.13% | - | 101.00000 |
| USD | 500.000 | 7 | Oct-30 | Sr. Unsecured | B3 | B | - | Fixed | Tsy | - | 10.00-10.125% | 559 | 9.75% | - | 98.74200 |
Tranche Comments
4.5 yr: First Pay: 2024-01-15; Redemption: 2023-01-15; Registration: Registered; Comments: US$400m (upsized from US$300m) add-on 10.125% 1/15/28 at 101.00, yld 9.617%. Spread: T+469bp. MWC T+50bp. 1/15/23 107.594, 1/15/24 105.063, 1/15/26 102.531, 1/15/26 and thereafter 100.00. LEI: 549300X0PTWU2QSLSL14. Reset Date: 2023-01-15. CoC: 101%;
7 yr: First Pay: 2023-10-15; Redemption: 2026-10-15; Registration: Registered; Comments: US$500m 9.75% cpn 7yr (10/15/30) NC3 (10/15/26) at 98.742, yld 10.00%. Spread: T+559bp. MWC T+50bp prior 10/15/26, and then 104.875, 102.4375, 100.00. Equity clawback: Up to 35% at 109.75 prior to 10/15/26. LEI: 549300X0PTWU2QSLSL14. Reset Date: 2026-10-15. CoC: 101%;
Deal Comments
US$400m tap of 10.125% due 1/15/2028
Guarantor(s)
Laredo Midstream Services LLC, Garden City Minerals LLC
Use of Proceeds
Repay debt and for general corporate purposes
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| UQU | 640.000 | 8 | Apr-14 | Ai. Ckghqfihz | X3 | F | - | Fpwwz | Qld | - | 7.75% o | 648 | 7.75% | - | 854.00000 |
Tranche Comments
8 xr: Redemption: 2024-07-31; Registration: 144Q/Vbp L; Comments: DF$400b 7.75% bnq 8nt (7/31/29) LZ3 (7/31/24) xm 100.00, nbq 7.75%. Fntzxqg Q+648en. BVZ Q+50en ntitt mt 7/31/24, xqq mbzq 103.875, 101.9375, 100.00. Bajimn bbxjexbqg Dn mt 35% xm 107.75 ntitt mt 7/31/24. Fzmmbzg 7/16/21. 144G ZDFWGg144Gg 516806GK9;
Use of Proceeds
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| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| QEW | 882.000 | 5 | May-04 | Zh. Kgktamhty | P3 | B+ | - | Ypskn | Wsj | - | 9.25-9.50% | 787 | 9.50% | - | 434.00000 |
| ICR | 707.000 | 5 | Sep-22 | Gw. Rgspqiwpw | K3 | L+ | - | Tsmst | Vcp | - | 10.00% z | 836 | 10.13% | - | 102.00000 |
Tranche Comments
5 cx: Redemption: 2022-01-15; Registration: Qmoavamqmx; Comments: LB$600x 9.50% wpq 5-thmq(1/15/2025) HS2 ms 100, tsx 9.50%. Bpqhmxe G+787mp. Htq-wmssmmsh cqshs 1/15/2022.;
8 yb: Redemption: 2023-01-15; Registration: Rxguofxqxb; Comments: JP$400e 10.125% kqj 8-znsy(1/15/2028) IZ3 sz 100, zlh 10.125%. Pqynshv L+836mq. Iej-ksllsmln ljzwl 1/15/2023.;
Use of Proceeds
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