| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 450.000 | 8 | Sep-29 | Sr. Unsecured | B1 | BB | - | Fixed | Tsy | - | 6.75-7.00% | 589 | 7.00% | - | 100.00000 |
Tranche Comments
8 yr: Redemption: 2024-09-01; Registration: 144A/Reg S; Comments: US$450m(downsized from US$500m) 7.00% cpn 8-year (9/1/29) at 100, yld 7.00%. Spread: T+589bp. Equity Clawback: Up to 40% at 107 until 09/01/24 Call Schedule: Non-callable until September 1, 2024 (MWC T+50bp) 09/01/2024 103.50, 09/01/2025 101.75, 09/01/2026 and thereafter 100.00. Cusip 144a: 87133LAA8. Settlement: 9/3/21. CoC: 101%;
Use of Proceeds
To make the Special Payment to International Paper in connection with the distribution