| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 400.000 | 5 | Feb-28 | Sr. Secured | Caa1 | B | B | Fixed | Tsy | - | 11.50% | 866 | 11.50% | - | 97.00000 |
Tranche Comments
5 yr: First Pay: 2023-08-15; Redemption: 2025-02-15; Registration: 144A/Reg S; Comments: US$400m 11.50% cpn 5yr (2/15/28) NC2.5 (8/15/25) at 97.00, yld 12.317%. Spread: T+866bp. MWC T+50bp prior to 8/15/25, and then 111.50, 105.75, 100.00. Equity clawback: Up to 35% at 111.50 prior to 8/15/25. Call Schedule: 2025-02-15 at 111.5, 2026-02-15 at 105.75, 2027-02-15 at 100.0. PP: No. XD: No. Tax Call: No. Reset Date: 2025-02-15;
Deal Comments
2nd Lien Notes
Guarantor(s)
Martin Operating GP LLC
Use of Proceeds
Refinancing