Highlands Holdings Bond Co-Issuer Inc (Apsen Insurance)

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0005Oct-25Sr. SecuredNRBB+BBFixedYLD-7.75% a-7.63%-100.00000
Tranche Comments
5 yr: Redemption: 2022-10-15; Registration: 144A/Reg S; Comments: US$500m 7.625% cpn(cash) and 8.375%(per annum in the case of PIK interest) 5-year(10/15/25) at 100, yld 7.625%. Equity Clawback: Prior to October 15, 2022, up to 40%. MWC T+50bp Before October 15, 2022. Call Schedule: October 15, 2022 103.813, October 15, 2023 101.906, October 15, 2024 and thereafter 100.00. Cusip 144a: 43103QAA6. Settlement: 10/28/20.;
Use of Proceeds
Provide additional capital, fund distribution and pay interest expenses

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