Venator Materials PLC

Deals

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USD375.0008Jul-25Sr. UnsecuredB2BB--FixedTsy-5.75-6.003575.75%-100.00000
Tranche Comments
8 yr: Redemption: 2020-07-15; Registration: 144A/Reg S; Comments: US$375m (upsized from US$350m) 5.75% cpn 8-year (7/15/25) NC 3-year. At 100, yld 5.75%. Spread: 357 b.p. vs. UST 2.000% due 8/15/25. Call Schedule: Non-Callable until July 15, 2020; July 15, 2020 104.313%; July 15, 2021 102.875%; July 15, 2022 101.438%; July 15, 2023 and thereafter 100.000%. Equity Clawback: 40% at 105.75% until July 15, 2020. Change of Control: Investor put at 101%. Make Whole: T+50bps.;

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