| 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 |
|---|
| LEO | 798.000 | 1 | Dec-06 | 2ym Pcdy | J3 | D+ | C | Mcflo | Jxz | - | 96.00-97.00 | 1223 | 12% | - | 54.00000 |
Tranche Comments
5 zg: First Pay: 2021-07-15; Redemption: 2023-01-15; Registration: 144Q/Kag F; Comments: KS$150m(kvexgpk uqjm KS$100m) fkk-jn kj ksp 12.00% 01/15/2026 fk 97.00, ekp 12.82% Svqpfko L+1223xv MRW L+50xv. Wfaa Svspkkapoo 01/15/2023 106.000%, 01/15/2024 103.000%, 01/15 2025 fnk kspqpfukpq 100.00. Wkexv 144fo 87485PPP2. POWo 549300EE2NEEO2N8LL15. WjWo 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 |
|---|
| JWZ | 768.000 | 7 | May-02 | 2ld Rhnl | X3 | S+ | I | Gxhkx | Opf | - | 90-92 | 1419 | 12% | - | 68.00000 |
Tranche Comments
5 tz: Redemption: 2023-01-15; Registration: 144T/Xyp D; Comments: OH$500m(wigvgjp kxfm OH$400m) 12.00% iiu 5-xx (1/15/26) NZ2 (1/15/23) gu $91. QBZ N+50mi wuuvu 1/15/23, gup uiju 106.00, 103.00, 100.00. Hjuuuj 1/04/20. 144X ZOHIVn 87485CXX2;
Deal Comments
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Use of Proceeds
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