| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| EUR | 600.000 | 5 | Jul-28 | Sr. Secured | Ba2 | - | BB+ | Fixed | OBL | 7.25% a | 7.00% a | 432 | 6.88% | - | 100.00000 |
Tranche Comments
5 yr: First Pay: 2023-09-15; Redemption: 2025-07-31; Registration: 144A/Reg S; Comments: EUR600m 5NC2 snr sec RegS/144A. Ba2/NR/BB+. Jt phys: MS(B&D)/DB. Gloco/JBs: Barc/GS. JBs: BofA/JPM/Lloyds/NatWest. IPTs 7.25% area yield, price talk 7% area. Came 6.875%, equiv +432 bps vs OBL 2.4% due Oct 2028. MWC: B+50bps prior to July 31, 2025. Equity Claw Back: Up to 40% at 106.875%. CoC: 101%. Call Schedule: 2025-07-31 @103.438, 2026-07-31 @101.719, 2027-07-31 @100.0;
Use of Proceeds
Refinancing