7 yr: First Pay: 2024-04-01; Redemption: 2026-10-01; Registration: 144A/Reg S; Comments: US$1bn (downsized from US$1.2bn also downsized from US$1.7bn) 9.00% cpn 7yr(10/1/30) at 100, yld 9.00%. Equity Clawback: Up to 40% at 109.000%. MWC T+50bp. Call Schedule: 10/1/26 104.50, 10/1/27 102.25, 10/1/28 and thereafter 100. Reset Date: 2026-10-01. CoC: 101%;
Deal Comments
Star Parent Inc is an affiliate of a consortium of private investment firm affiliates composed of Elliott Investment Management, Patient Square Capital, and Veritas Capital
Use of Proceeds
M&A, refinancing, working capital and general corporate purposes