8 yr: First Pay: 2024-07-15; Redemption: 2027-01-15; Registration: 144A/Reg S; Comments: USD2.175bn (upsized from USD2bn) Jan 2031 NC3 SSN 144A/RegS for life. Ba3/BB/BBB-. Lead left JPM(B&D USD)/GS(B&D GBP). JBs in ticket. IPTs USD at high 7s. Price talk 7.5%-7.625%. Launch 7.5% for 2.175bn. With USD5.2bn+ / EUR500m TLBs. UST 5.375% due February 15, 2031, T+313. FTT: 4:30pm.
CoC: 101%. MWC: T+50, until January 15, 2027. Equity Claw Back: Up to 40% at 107.5%, until January 15, 2027. Reset Date: 2027-01-15;
8 yr: First Pay: 2024-07-15; Redemption: 2027-01-15; Registration: 144A/Reg S; Comments: GBP600m (downsized from GBP700m) Jan 2031 NC3 SSN 144A/RegS for life. Ba3/BB/BBB-. Lead left JPM(B&D USD)/GS(B&D GBP). JBs in ticket. IPTs GBP at high 8s. Price talk 8.5%-8.625%. Launch 8.5% for 600m. With USD5.2bn+ / EUR500m TLBs. UKT 4.75% 12/2030, B+436. FTT: 4:30pm. CoC: 101%. MWC: G+50, until January 15, 2027. Equity Claw Back: Up to 40% at 108.5%, until January 15, 2027. Reset Date: 2027-01-15;
Deal Comments
Additional Issuer for GBP 8yr: GTCR W Dutch Finance Sub BV. Joint Bookrunners: JPM(B&D) (USD 8yr), GSC(B&D) (GBP 8yr), CTI, WFS, FTB, BMO, COS, CIZ, LLY, MUF, STF, TRU