| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 450.000 | 5.5 | Dec-28 | Sr. Secured | B1 | BB | - | Fixed | Tsy | 10.75-11.00% | 10.50-10.75% | 654 | 9.88% | - | 97.45600 |
Tranche Comments
5.5 yr: First Pay: 2023-12-15; Redemption: 2025-12-15; Registration: 144A/Reg S; Comments: US$450m 9.875% cpn 5.5-year (12/15/28) NC2.5yr (12/15/25) at 97.456, yld 10.50%. Spread: T+654bp. MWC T+50bp prior to 12/15/25, and then 104.938, 102.469, 100.00. Equity clawback: Up to 40% at 109.875 until 12/15/25. Settle date: 6/26/23. 144A CUSIP: 38431AAA4. CoC: 101%;
Use of Proceeds
Repay outstanding debt and general corporate purposes