8 yr: Registration: 144A/Reg S; Comments: US$460m 9.00% cpn 8-year(7/1/28) NC3 at 100, yld 9.00%. Spread: T+833.5bp. Equity Clawback: up to 40% @ 109.000 until July 1, 2023. Special Call: up to $150,000,000 @ 104.500 until December 30, 2020 with certain equity proceeds. Call Schedule: Standard Call: 104.500 on July 1, 2023, 102.250 on July 1, 2024,100.000 on July 1, 2025 and thereafter.;
Deal Comments
This will be a joint venture partnership between The Chatterjee Group and Rhone Group