Ray Financing LLC (Sunrise Medical Corp)

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR550.0007Jul-31Sr. SecuredB2B-FixedBHigh 6s-7%6.50-6.75%4156.50%-100.00000
EUR300.0007Jul-31Sr. SecuredB2B-Floating3mEu3mEu+400-4253mEu+375-400-3mEu+375-100.00000
Tranche Comments
7 yr: Redemption: 2027-07-15; Registration: 144A/Reg S; Comments: EUR550m(upsized from EUR300m) 7NC3(7/15/31) cpn 6.50% at 100. Spread: B+415bp. MWC: B+50bp, then at 103.35, 01.625, 100. Equity claw: 3y 40% at 106.50. Special claw: 10% per year the first 3 years at 103; 7 yr: Redemption: 2025-07-15; Registration: 144A/Reg S; Comments: EUR300m 7NC1(7/15/31) cpn FRN 3mE+375 at 100. MWC: B+50bp, then at 103.35, 01.625, 100. Equity claw: 3y 40% at 106.50. Special claw: 10% per year the first 3 years at 103;
Use of Proceeds
M&A
Refinancing
Yes

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