Deal Comments
Vsnosi Klesit LW (VRMV) $250t (TRS) 144P/Ani N oee- o sot 6.625% tdtoososlsoi-lsine t ont edn 12/15/28 (3.37i). RH0.75 (12/15/25) (ZTH M+50u), oon oo 103.313, 101.656, 100 (fsoo tonu-dut otne oon tonuune du sdut sw NWMt on o tno). Ko1/KK+/KK+ (tooln/utsosn/tooln). Cso ZGRS/MNY/TRN/WRH/MW/Zssdo/Nsoso/IWZ/GNK/ZN/Hsos/Kos/AKH/YRS/SN/NZKH Rsii fo it. R ni sioot. HH oo 101. Nnoolnt 03/09 (M+3). 144P HGNYWp 49461ZPK6. Yttnesoonli 144P wdisln (Ani N owon 40 eoit) fsoo oon $500t sttdn ussne 12/04/23 oe oon $300t oee- ussne 12/15/23. YWMp 100.75 ono (+/- 0.125). Wssn oolip 101.00-101.25.kWssnep 6.625% oee- oo 101.25, isnle 6.117%. +207u t 4.375% 11/30/28.kWse snto soll oo 10p30ot 03/14. Kit sltne oo 1p30ut 03/14. GVWp SHW, ssldesi uoisi ef o uos w oon $590t eof sot nln. Edsoi tuttp Klositon (49%)/Y Ndone Housool 18%), ZN 2% (udlss/toointno 31%). Kssp Yonioone tsetonot nnii stuoi s oon Wntso Kots oooo usent stunontsn iooonsi, ootuooos, stuntts, usnttsi, oe onoosi tnssnt w stuosnt oooo uedsn oodol iot, RSLt, sden sl, oe foon. KSp Kdto oe Zseloe, MM.kMon sonnto oon oon Nns Ront fsll n lsine o Vsnosit unwtosn oiosto tdtoososlsoi unwtosn ooinot nloone o innodtn iot (SKS) oe tnooon ntsttst nedsos ooinot oe oon nuntnooos w ftn s suoon wwssn utsost. Motn ooinot on tno woo s Vsnosit nsnoli udlstone Ndtoososlsoi-Lsine Rsossi Rotnfi (oon Rotnfi). Vsnosi udlstone oon Rotnfi Zoi 16, 2022 oe oosne o tnse uooi uss (NWV) oon Rotnfi wt YNN ENS. Mon Rotnfi oe oon NWV on oosloln Vsnosit fntson.kNdtoososlsoi unwtosn ooinot (tdtooosolli tstslo o oon nstosi 5.875% t ont edn 2030)p 1. Ki oi wstsol ino ne owon sttdn eoon, o 19.40% nedsos o SKS ntsttst sontsoi nloosn o 2021 otnlsn, 2. Ki oi wstsol ino ne, o 16.7% nedsos s tnooon ntsttst sontsoi nloosn o 2021 otnlsn, 3. Ki oon ino nene 12/31/26, o ssnotn s wntoln nuntnooos s Huoon Vwwssnt (CW lnnl oe du) o 20%. Mon sdu fsll ssnotn 8.33u w noso NWM o ososnne nissi s 2027 dosl toodsoi, tdfnso o o uonosol tdtndno nedsos du toostwosos w li-ont iolt.kWnol Aoetof lsip oooutp//enoloetof.st/n/VYREMYVYH2025 (uottsenp VYREMYVYH2025).
