4 yr: First Pay: 2023-12-01; Redemption: 2025-06-01; Registration: 144A/Reg S; Comments: US$100m tap of 10.50% 6/01/27 NC to 6/01/25 at 95.50, yld 11.968. Spread T+766bp. MWC T+50bp prior to 6/01/25, and then 105.25, 100.00. Equity clawback: Up to 40% at 110.50 prior to 6/01/25. Settle date: 7/05/23. 144A CUSIP: 30327TAA7. CoC: 101%. Call Schedule: 2025-06-01 at 105.25, 2026-06-01 at 100.0;
Deal Comments
US$100m tap of 10.50% due 6/01/27
Use of Proceeds
Refinancing of debt and for investments and general corporate purposes