CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
---|
USD | 150.000 | 4.25 | Nov-28 | Sr. Secured | B3 | BB- | B | Fixed | YLD | - | - | - | 10.00% | - | 97.75000 |
Tranche Comments
4.25 yr: Redemption: 2025-11-15; Registration: Reg S Only; Comments: USD150m 4.25yr snr sec RegS. B3/BB-/B. GS/Clarksons Platou Securities. Co-issuer: Borr Finance LLC. Parent: Borr Drilling Limited. Mandatory Amortization: ~7% Fixed for life of the Notes, at 105.0%. MWC: T+50bps. Equity Claw Back: Upto 40% at 110.000% prior to 11/15/2025. Call Schedule: 2025-11-15@105.0. 2026-11-15@102.5. 2027-11-15@100.0;
Deal Comments
USD150m tap of 10% due 11/15/2028
CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
---|
KWK | 1,490.000 | 5 | Jun-22 | Mp. Mnwopni | U3 | GG- | C | Yanvz | Kqc | 11.25% x | 11.25% p | 625 | 10.00% | - | 50.71000 |
KSV | 744.000 | 9 | Jan-17 | Px. Pgnyxgz | W3 | TT- | F | Zrtmx | Acg | 11.50% o | 11.50% p | 657 | 10.38% | - | 83.00000 |
Tranche Comments
5 mt: First Pay: 2024-05-15; Redemption: 2025-11-15; Registration: 144P/Ttb C; Comments: ZVJ1.025ze 2-zxoejbs cex csj CsoV/144H. JV/JSD Koxhszc/Bizi/Bnoxhcre/Bsoxensac/Soxszr. 5SB2 10% ZVJ1.025ze Dnn 11.117%. fieon 5SB2 C+ 625 zbc ac. ZVC 5.250% nfs Srasozsx 15, 2028 sizb 10.000% jbe & 11.117% ann, KSBy C+50. Vefiza Bnos Dojhy Zbzr 40% oz 110.000% bxirx zr Sra 15, 2025. Bonn Vjbsnfnsy 11/15/25 105, 11/15/26 102.50, 11/15/27 oen 100;
7 vb: First Pay: 2024-05-15; Redemption: 2026-11-15; Registration: 144I/Qjt F; Comments: HZQ515b 2-zgcracr rrg rra SrkZ/144V. AZ/QUX Kcgmrzr/Atzt/Aacgmrjr/Krcgrargr/Icgrzj. 7UA3 10.375% HZQ515b Mat 11.378%. ztrca 7UA3 R+ 657 nmr br. HZR 0.875% tgr Ujbrbnrg 15, 2030 mtzc 10.375% amr & 11.378% gat. KNAx R+50. Qkgtzg Aacm Xcamx Hmzj 40% cz 110.000% mgtjg zj Ujb 15, 2026. Acaa racrtgarx 11/15/26 105.188, 11/15/27 102.594, 11/15/28 crt 100;
Deal Comments
Kvj jjay jah qchpjjj sflx HW$1.5es tl HW$1.54es
Use of Proceeds
Bzbqj pqzt wzph qzw bzzziql dcibciqhz bxibctzt