VT TopCo Inc (Veritext)

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0007Aug-30Sr. SecuredB2BB+FixedTsyHigh 8s8.50-8.75%4238.50%-100.00000
Tranche Comments
7 yr: First Pay: 2024-02-15; Redemption: 2026-08-15; Registration: 144A/Reg S; Comments: US$500m (downsized from US$720m concurrent TLB upsized to $940m) 8.50% cpn 7yr (8/15/30) NC3 (8/15/26) at 100.00, yld 8.50%. Spread: T+423bp. MWC T+50bp prior to 8/15/26, and then 104.25, 102.125, 100.00. Special Optional redemption: Up to 10% of the aggregate principal at 103% plus accrued and unpaid interest during non-call period. Equity clawback: Up to 40% at 108.50 until 8/15/26. Settle date: 8/10/23. 144A CUSIP: 91838PAA9. CoC: 101%;
Use of Proceeds
Repay debt

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