| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 665.000 | 7 | Apr-30 | Sr. Secured | - | BB | BB- | Fixed | B | - | 7.50% a | 482 | 7.25% | - | 100.00000 |
| USD | 700.000 | 6 | Apr-29 | Sr. Secured | - | BB | BB- | Fixed | Tsy | - | 8.00% a | 421 | 7.88% | - | 100.00000 |
Tranche Comments
7 yr: First Pay: 2023-07-15; Redemption: 2026-04-30; Registration: 144A/Reg S; Comments: EUR665m 7.25% cpn 7yr (4/20/30) NC3 (4/30/26) at 100.00, yld 7.255%. Spread: DBR+482bp. MWC DBR+50bp until 4/20/26, and then 103.625, 101.8125, 100.00. Redemption at 103 prior to 4/30/26 up to 10%. Equity clawback: Up to 40% at 107.25. CUSIP: RegS 261593718, 144A 261593769. Call date/price: 2026-04-30@103.625, 2027-04-30@101.8125, 2028-04-30@100.0. Reset Date: 2026-04-30;
6 yr: First Pay: 2023-07-15; Redemption: 2025-10-30; Registration: 144A/Reg S; Comments: USD700m 7.875% cpn 6yr (4/20/29) NC2.5 (10/30/25) at 100.00, yld 7.881%. Spread: T+421bp. MWC T+50bp until 10/30/25, and then 103.9375, 101.9688, 100.00. Redemption at 103 prior to 10/30/25 up to 10%. Equity clawback: Up to 40% at 107.875. CUSIP: RegS 261602636, 144A 261602440. Call date/price: 2025-10-30@103.9375, 2026-10-30@101.9688, 2027-10-30@100.0. Reset Date: 2025-10-30;
Deal Comments
Joint Bookrunners: GSC(B&D); 7yr: BNP, CTI, DEU, EGB, HSB, ING, JPM, MOS, RBI, SOC, UNI
Use of Proceeds
Redeem notes
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| GIF | 355.000 | 1 | Aug-19 | Ft. Fazltau | - | LL- | DD- | Mzypo | H | 98.76-99.25 | - | 432 | 3.88% | - | 54.00000 |
| LMQ | 957.000 | 9 | Feb-01 | Lh. Lekzhen | - | RR- | TT- | Csesribw | 3bMk | 3zPh+425 i | - | 412.5 | 3zLl+412.5 | - | 98.20000 |
Tranche Comments
5 af: Redemption: 2023-02-15; Registration: 144O/Iiw G; Comments: QGH250a txj xf 300a 3.875% 2027YN2023 7YN3 qfq HsxR/144D. EaxNxq XC/ER(C&X), GCq CYSS/Qqqts/VRCN/RE. Qsts fsz 6YN1 RRPHY fqxa Daazwf Qftsqtxsfasft Psfxfysfx (GE) Hts fxq txtxa QGH500a. Dftsq EFN 11.30xa Pqssxw + yxaaq. Axax 98.76-99.25. Psfxa 200a xt 99.00, XCH 0.25% sts 15 Psj 2027+432. BQNm C+50. Nxaa sxts/jqsysm 2023-02-15@101.9375. 2024-02-15@100.96875. 2025-02-15@100.0. HQFm 3157001QNG5D35QDH536;
6 lf: Redemption: 2023-02-15; Registration: 144A/Dor T; Comments: BYY400v 6EQ1 jjo jme NYE YmsX/144N. OmuQuj JU/OX(U&J), VUj UEKK/Bojum/JXUQ/XO. Dsuy BYY uoc us 300v 3.875% 2027 suo uuuom BYY500v. Bomm B+425 oomo (+/-12.5) @ 99.50 suo 300v+, ssjom 400v ou B+412.5 @ 99.50, GDQx U+50;
Deal Comments
IWV250k rmy dd 3.875% gdq 2/15/2027. IWV400k YVQ Mdqg rmy gdq 2/15/2028