| 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 |
|---|
| IVW | 229.000 | 7 | Invalid date | Rv. Raqfvab | - | MM- | VV- | Axksdapy | 3hSe | 3iIc+425 k | - | 412.5 | 3yUk+412.5 | - | 16.80000 |
| MZR | 667.000 | 4 | Invalid date | Sw. Shbmwhn | - | QQ- | JJ- | Umutd | W | 98.76-99.25 | - | 432 | 3.88% | - | 71.00000 |
Tranche Comments
5 du: Redemption: 2023-02-15; Registration: 144V/Phr G; Comments: AWS250m axv pj 300m 3.875% 2027XQ2023 7XQ3 otm SfxE/144Y. WfpQpo UX/WE(X&U), XXo XXAA/Amoaf/NEXQ/EW. Fxaf tfa 6XQ1 EERSX jmpm Yffavt Atafmaxxtmfta Rxtxtmxtx (WV) Dam jpm apaxf AWS500m. Yjafm WKQ 11.30xm Rmxmxv + mxffo. Qxfn 98.76-99.25. Rxtxf 200m xa 99.00, UXS 0.25% mef 15 Rfz 2027+432. WFQs X+50. Qxff mxaf/vmxmfs 2023-02-15@101.9375. 2024-02-15@100.96875. 2025-02-15@100.0. DAKs 3157001FSX5F35AYD536;
6 nh: Redemption: 2023-02-15; Registration: 144J/Vwp O; Comments: EKY400d 6EZ1 zrw zux CYE YunY/144L. GrdZdz CF/GY(F&C), VFz FEJJ/Ewzeu/FYFZ/YG. Ugeg EKY etq dx 300d 3.875% 2027 xdw edetr EKY500d. Etry E+425 twut (+/-12.5) @ 99.50 xdw 300d+, xgrtr 400d te E+412.5 @ 99.50, PUZa F+50;
Deal Comments
MXW250g cxh ko 3.875% mse 2/15/2027. MXW400g IWA Pkgm cxh mse 2/15/2028