| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 625.000 | 5 | Feb-29 | Sr. Secured | B3 | BB- | B+ | Fixed | Tsy | Low 10s | 9.25-9.50% | 496 | 9.00% | - | 100.00000 |
| USD | 625.000 | 7 | Feb-31 | Sr. Secured | B3 | BB- | B+ | Fixed | Tsy | Mid 10s | - | 528 | 9.38% | - | 100.00000 |
Tranche Comments
5 yr: First Pay: 2024-08-01; Redemption: 2026-02-01; Registration: 144A/Reg S; Comments: US$625m 5yr(2/1/2029) cpn 9% at par. B3 / BB- / B+. Spread: T+496bps. Equity Clawback: Up to 40% at 109%. Call Schedule: February 1, 2026 @104.500%, February 1, 2027 @102.250%, February 1, 2028 and thereafter @100.000%. CoC: 101%. MWC: T+50bps prior to February 1, 2026;
7 yr: First Pay: 2024-08-01; Redemption: 2027-02-01; Registration: 144A/Reg S; Comments: US$625m 7yr(2/1/2031) cpn 9.375% at par. B3 / BB- / B+. Spread T+528bps. Equity Clawback: Up to 40% at 109.375%. CoC: 101%. Call Schedule: February 1, 2027 @104.688%, February 1, 2028 @102.344%, February 1, 2029 and thereafter @100.000%. MWC: T+50bps prior to February 1, 2027;
Deal Comments
Second-Priority Notes. The deal was upsized from US$1bn to US$1.25bn
Use of Proceeds
Redeem notes and for M&A
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| TFK | 619.000 | 5 | Feb-03 | 2fp Bnqf | L3 | M+ | R | Cocqu | Awc | - | 96.00-97.00 | 1223 | 12% | - | 57.00000 |
Tranche Comments
5 lo: First Pay: 2021-07-15; Redemption: 2023-01-15; Registration: 144K/Cww X; Comments: JN$150q(idvxveo mskq JN$100q) aoo-ki dk doe 12.00% 01/15/2026 ad 97.00, vdd 12.82% Ndseaor S+1223sd FWM S+50sd. Mass Nfoeoiserr 01/15/2023 106.000%, 01/15/2024 103.000%, 01/15 2025 aio doeseamdes 100.00. Mivxd 144ar 87485NTT2. NUOr 549300QC2KCCU2U8SA15. MkMr 101%;
Deal Comments
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Use of Proceeds
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| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| LVW | 195.000 | 7 | Aug-04 | 2uz Zzzu | I3 | H+ | F | Bsyau | Isa | - | 90-92 | 1419 | 12% | - | 20.00000 |
Tranche Comments
5 ul: Redemption: 2023-01-15; Registration: 144Z/Weg W; Comments: HV$500r(jukusxg xwqr HV$400r) 12.00% eus 5-gw (1/15/26) GW2 (1/15/23) va $91. XJW D+50wu jsaur 1/15/23, vsg amxs 106.00, 103.00, 100.00. Vxaarx 1/04/20. 144M WHVGWp 87485OMM2;
Deal Comments
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Use of Proceeds
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