Colt Merger Sub Inc

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD3,400.0005Jul-25Sr. SecuredB1B-FixedTsy-6.25-6.50%5906.25%-100.00000
USD1,800.0007Jul-27Sr. UnsecuredCaa1CCC+-FixedTsy-8.25-8.50%7598.13%-100.00000
USD1,000.0005Jul-25Sr. SecuredB1B+-FixedTsy-5.75%-6.00%5405.75%-100.00000
Tranche Comments
5 yr: Redemption: 2022-07-01; Registration: 144A/Reg S; Comments: US$3.4bn (upsized from US$3.08bn) 6.25% cpn 5yr (7/01/25) NC2 at 100.00, to yld 6.25%. Spread: T+590bp. MWC T+50bp prior to 7/01/22 and then 103.125, 101.563, 100.00. Equity clawback: Up to 40% at 106.25. Tax Call: No. PP: No. XD: No; 7 yr: Redemption: 2022-07-01; Registration: 144A/Reg S; Comments: US$1.8bn (downsized from US$1.875bn) 8.125% cpn 7-year (7/01/27) NC3 at 100.00, to yld 8.125%. Spread: T+759bp. MWC T+50bp prior to 7/01/23 and then 104.063, 102.031, 100.00. Equity clawback: Up to 40% at 108.125. Tax Call: No. PP: No. XD: No; 5 yr: Redemption: 2022-07-01; Registration: 144A/Reg S; Comments: US$1bn (downsized from US$1.05bn) 5.75% cpn 5-year (7/01/25) NC2 at 100.00, to yld 5.75%. Spread: T+540bp. MWC T+50bp prior ro 7/01/22. Standard Call: Callable starting July 1, 2022 at 102.875; then July 1, 2023 at 101.438; then July 1, 2024 and thereafter at 100.00. Equity Clawback: Up to 40% until July 1, 2022 at 105.750. Tax Call: No. PP: No. XD: No;
Use of Proceeds
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