Kevlar SpA

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD790.0006.3Sep-29Sr. SecuredB3B-FixedTsy6.50%6.50%6356.50%-84.00000
Tranche Comments
6.3 yr: First Pay: 2023-12-31; Redemption: 2025-09-01; Registration: 144A/Reg S; Comments: US$790m 6.50% cpn 6.3yr (9/01/29) NC2.3 (9/01/25) at 84.00, yld 9.963%. Spread: T+635bp. MWC T+50bp prior to 9/01/25, and then 103.25, to 9/01/26 at 101.625, to 9/01/27 at 100.00. Special redemption: 10% at 103% (during the NC period). Equity clawback: Up to 40% at 106.50 until 9/01/25. Settle date: 5/03/23. 144A CUSIP: 49272YAB9 (X Note), 49272YAC7 (N Note);
Use of Proceeds
Prepay and cancel the bridge facilities drawn for the acquisitions, pay fees and expenses

B&I

BWICS & Inventory

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TRACE

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Research