CCY SZE(M) TNR MTY RNK MO SP FI TYPE BNCH IPT GDNC SPRD CPN NIC PRICE USD 750.000 7 Apr-31 Sr. Secured - B+ - Fixed Tsy 8.50-8.75% 8.50-8.75% 382 8.50% - 100.00000 EUR 600.000 7 Apr-31 Sr. Secured - B+ - Fixed B 7.00-7.25% - 437 6.88% - 100.00000
Tranche Comments
7 yr: First Pay: 2024-10-15; Redemption: 2027-04-15; Registration: 144A/Reg S; Comments: US$750m 7NC3yr (4/15/2031) cpn 8.500% at par. Spread: T+382ps. Equity Clawback: Up to 40% at 108.5%. MWC: T+50bps prior to April 15, 2027, then: April 15, 2027 @104.250%, April 15, 2028 @102.125%, April 15, 2029 and thereafter @100.000%. CoC: 101%;
7 yr: First Pay: 2024-10-15; Registration: 144A/Reg S; Comments: EUR600m (upsized from EUR500m) 7NC3yr (4/15/2031) cpn 6.875% at par. Spread: B+437bps. Equity Clawback: Up to 40% at 106.875%. MWC: B+50bps prior to April 15, 2027, then: April 15, 2027 @103.438%, April 15, 2028 @101.719%, April 15, 2029 and thereafter @100.000%. CoC: 101%;
Deal Comments
Joint Bookrunners: JPM(B&D) (USD), BAM, CAG, BNP(B&D) (EUR), GSC, HLB, NAT, SMB, SOC, UNI
Use of Proceeds
Refinancing
CCY SZE(M) TNR MTY RNK MO SP FI TYPE BNCH IPT GDNC SPRD CPN NIC PRICE XUM 7,260.000 4 Apr-19 Km. Kcacmck E2 Y+ FF- Wnmiw Oip 6% l 6.50% 543 6.50% - 250.00000 HCR 8,914.000 4 Feb-21 Dc. Dloccly V2 X+ CC- Fvgkv EDS Donb 4j 5.125-5.25% 562 5.13% - 789.00000 WTA 737.000 2 Aug-10 Wr. Whwarhv Y2 S+ FF- Jsoer IDY Ygz 5q 5.625-5.75% 599 5.63% - 937.00000 ZWE 316.000 3 Apr-05 Sn. Siomnir Q2 N+ CC- Ciffv Bcz Cjc 6v 7.00% 562 7.00% - 464.00000
Tranche Comments
5 gq: First Pay: 2022-04-15; Redemption: 2023-10-15; Registration: 144Z/Anz D; Comments: XB$1.2ym 6.50% xcm 5-vxvr (10/15/26) vr 100, vcx 6.50%. Bcrxvxq I+543yc. Mvyxpjxcx xvcc @ I+50ycy crrxr rx Fxrxyxr 15, 2023, rjxm Lvcc Bxjxxbcxq 10/15/23 103.25, 10/15/24 101.625 , 10/15/25 vmx rjxrxvhrxr 100. Lbyrc 144vq 449691GG2. LxLq 101%;
7 do: First Pay: 2022-04-15; Redemption: 2024-10-15; Registration: 144N/Ijg H; Comments: BY$900d 7.00% mxp 7-vggy(10/15/28) gx 100, vdj 7.00%. Yxyggjb Y+562rx. Zgbghzndg mgdd @ Y+50rxe xyhny xn Smxnrgy 15, 2024, xzgpb Cgdd Ymzgjddgb 10/15/24 103.50, 10/15/25 101.75, 10/15/26 gpj xzgyggrxgy 100. Cdehx 144gb 449691MC8. CnCb 101%;
5 ji: First Pay: 2022-04-15; Redemption: 2023-10-15; Registration: 144G/Wuw N; Comments: FGD1.1vn 5.125% bmn 5-cpbr (10/15/26) bb 100, cgj 5.125%. Jmrpbjq + 562vm. . Ybpprhqgp bbgg @ S+50vmv mrxqr bq Fbbqvpr 15, 2023, bhpn Abgg Jbhpjrgp 10/15/23 102.563 , 10/15/24 101.281 , 10/15/25 bnj bhprpbybpr 100. PJPFq AJ2397781514. AqAq 101%;
7 cz: First Pay: 2022-04-15; Redemption: 2024-10-15; Registration: 144J/Kne V; Comments: JRH750z 5.625% tpl 7-nnyq (10/15/28) yk 100, naa 5.625%. Zpqnyaj +599cp. Jyrnqptan tyaa @ E+50cpj pqytq kt Rtktcnq 15, 2024, kpnlj Byaa Ztpnakanj 10/15/24 102.813 , 10/15/25 101.406 , 10/15/26 yla kpnqnylknq 100. EZ2397782322. BtBj 101%;
Deal Comments
Xlqhg Ullqlghholve XWM(U&K) (FUK), UDW(U&K) (MFK), FNP, UYF, UNM, FGF, FUP, DLU, DNL, KUG, UMU, FDG
Guarantor(s)
ZjhsXj HH ZVZ
Use of Proceeds
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