| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 200.000 | 5 | Nov-26 | Senior | Caa2 | CCC | CCC | Fixed | Tsy | 9.25-9.50% | 9.25% | 841 | 9.25% | - | 99.00000 |
Tranche Comments
5 yr: First Pay: 2022-05-01; Redemption: 2022-11-01; Registration: 144A/Reg S; Comments: US$200m 9.25% cash / 10% PIK cpn 5yr (11/01/26) NC1 (11/01/22) at 99.00, yld 9.509%. Spread: T+841bp. MWC T+50bp prior to 11/01/22 and then, 104.625, 102.313, 100.00. IPO Claw: Prior to 11/01/24: Up to 100% at 103.00. Settle date: 11/12/21. 144A CUSIP: 499894AA1. CoC: 101%;
Deal Comments
PIYC PIK Toggle Notes
Use of Proceeds
To pay a dividend to shareholders and pay fees and expenses