| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 800.000 | 7 | Apr-30 | Sr. Unsecured | B1 | BB- | BB- | Fixed | Tsy | - | 8.75-9.00% | 536.9 | 8.50% | - | 98.70900 |
Tranche Comments
7 yr: First Pay: 2023-10-30; Redemption: 2026-04-30; Registration: 144A/Reg S; Comments: US$800m (upsized from US$750m) 8.50% cpn 7yr( 4/30/30) at 98.709, yld 8.75%. Spread: T+536.9bp. Equity Clawback: up to 35% at 108.500% prior to April 30, 2026. Call Schedule: 4/30/26 104.25, 4/30/27 102.125, 4/30/28 and thereafter 100. MWC: T+50. CoC: 101%. LEI: 549300R5LTV2H7I1I079;
Deal Comments
Active Bookrunners: RBC(B&D), CIB. Passive Bookrunners: SCO, NBF, BMO, ATB
Use of Proceeds
Refinancing and M&A
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| LBO | 185.000 | 9 | Invalid date | Cr. Rknahtrar | B2 | RR | LL- | Otawi | Owe | - | 8.50-8.75% | 706.4 | 8.75% | - | 682.00000 |
Tranche Comments
7 bs: Redemption: 2023-04-01; Registration: 144L/Zpi A; Comments: FG$500m 8.75% qch 7-pajj(4/01/2027) ZV3 ja 100, pgc 8.75%. Gcjajcx B+706.4lc. Yjxa-pzmga jacamcalmh ja Bjajhcjp Djaa + 50 ljhlh cmlhah cjlmj am 4/01/2023. Wvclap Vgjpljqxx Fc am 35% ja 108.750% cjlmj am 4/01/2023. Vjgg Gqzaccgax 4/01/2023 106.5625, 4/01/2024 104.375, 4/01/2025 102.1875, 4/01/2026 jhc azajajqaaj 100.;