| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 570.000 | 7 | Jul-30 | Sr. Secured | - | - | - | Fixed | Tsy | - | 7.50-7.75% | 363 | 7.50% | - | 100.00000 |
Tranche Comments
7 yr: First Pay: 2026-07-01; Redemption: 2024-01-01; Registration: 144A Only; Comments: US$570m 7.50% cpn 7yr(7/1/30) at 100, yld 7.50%. Spread: T+363bp. Call Schedule: 7/1/26 103.75, 7/1/27 101.875, 7/1/28 and thereafter 100. Settlement: 6/27/23. Equity Claw: Up to 40% until first call date. CoC: 101%;
Use of Proceeds
Financing a portion of the cash distribution to be made to Labcorp in connection with the Spin Off