5 yr: Redemption: 2023-07-15; Registration: 144A/Reg S; Comments: US$500m 2.875% cpn 5yr (7/15/26) NC2 (7/15/23) at 100.00, yld 2.875%. Spread: T+210bp. MWC T+50bp prior to 7/15/23, and then 101.438, 100.719, 100.00. Equity clawback: Up to 40% at 102.875 prior to 7/15/23. Special Redemption: Ability to redeem 10% of the original issue at 103% during each calendar year during the first 2-years. Settlement date: 7/01/21. 144A CUSIP: 45569KAA1. CoC: 101%;
Deal Comments
Guarantors: ICON, PRA, subsidiaries of ICON organized in Ireland, the US and Luxembourg and subsidiaries of PRA organized in the US