| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 1,500.000 | 1.5 | Aug-22 | Sr. Unsecured | Baa2 | AA- | - | Floating | 3mL | 3mL+70 a | 3mL+50 a | 45 | 3mL+45 | - | 100.00000 |
| USD | 1,250.000 | 2 | Feb-23 | Sr. Unsecured | Baa2 | AA- | - | Fixed | Tsy | T+80 a | T+60 a | 55 | 0.63% | - | 99.91700 |
| USD | 2,250.000 | 3 | Feb-24 | Sr. Unsecured | Baa2 | AA- | - | Fixed | Tsy | T+90 a | T+70 a | 65 | 0.80% | - | 99.91700 |
| USD | 1,250.000 | 5 | Feb-26 | Sr. Unsecured | Baa2 | AA- | - | Fixed | Tsy | T+90 a | T+65 a | 60 | 0.95% | - | 99.76200 |
| USD | 1,000.000 | 7 | Feb-28 | Sr. Unsecured | Baa2 | AA- | - | Fixed | Tsy | T+100 a | T+70 a | 65 | 1.30% | - | 99.68700 |
| USD | 1,700.000 | 10 | Feb-31 | Sr. Unsecured | Baa2 | AA- | - | Fixed | Tsy | T+110 a | T+85 a | 80 | 1.80% | - | 99.94500 |
| USD | 750.000 | 20 | Feb-41 | Sr. Unsecured | Baa2 | AA- | - | Fixed | Tsy | T+135 a | T+105 a | 100 | 2.50% | - | 99.91100 |
| USD | 1,250.000 | 30 | Feb-51 | Sr. Unsecured | Baa2 | AA- | - | Fixed | Tsy | T+135 a | T+110 a | 105 | 2.80% | - | 99.61700 |
Tranche Comments
1.5 yr: Book size: 4200; Redemption: 2021-08-10; Registration: 144A/Reg S; Comments: US$1.5bn 1.5yr(8/10/22) at 100.00 floats at 3mL+45. CoC: 101%;
2 yr: Redemption: 2022-02-10; Registration: 144A/Reg S; Comments: US$1.25ln 0.625% cpn 2yr NC1(2/10/23) at 99.917, yld 0.667%. Spread: T+55bp. MWC T+10bp. CoC: 101%;
3 yr: Book size: 7700; Redemption: 2022-02-10; Registration: 144A/Reg S; Comments: US$2.25bn 0.80% cpn 3yr NC1(2/10/24) at 99.917, yld 0.828%. Spread: T+65bp. MWC T+10bp. CoC: 101%;
5 yr: Book size: 7400; Registration: 144A/Reg S; Comments: US$1.25bn 0.95% cpn 5yr(2/10/26) at 99.762, yld 0.999%. Spread: T+60bp. MWC T+10bp. CoC: 101%;
7 yr: Book size: 5200; Registration: 144A/Reg S; Comments: US$1bn 1.30% cpn 7yr(2/10/28) at 99.687, yld 1.347%. Spread: T+65bp. MWC T+10bp. CoC: 101%;
10 yr: Book size: 5900; Registration: 144A/Reg S; Comments: US$1.7bn 1.80% cpn 10yr(2/10/31) at 99.945, yld 1.806%. Spread: T+80bp. MWC T+12.5bp. CoC: 101%;
20 yr: Book size: 5100; Registration: 144A/Reg S; Comments: US$750m 2.50% cpn 20yr(2/10/41) at 99.911, yld 2.57%. Spread: T+100bp. MWC T+15bp.CoC: 101%;
30 yr: Book size: 5700; Registration: 144A/Reg S; Comments: US$1.25bn 2.80% cpn 30yr(2/10/51) at 99.617, yld 2.819%. Spread: T+105bp. MWC T+20bp. CoC: 101%;
Deal Comments
Joint Bookrunners: CSG(B&D) (7yr, 10yr, 20yr, 30yr), BAM, CTI, JPM, SMB(B&D) (1.5yr, 2yr, 3yr, 5yr)
Use of Proceeds
To fund the acquisition of the Speedway business from Marathon Petroleum Corp and certain related transaction costs