JPW Industries Inc

5.5 yr: First Pay: 2019-10-01; Registration: 144A/Reg S; Comments: US$60m. Cpn 9%. Due 10/1/24. Reoffer price US$88. YTM 12.084%. +971bp vs. 2.25% 11/15/24 UST. Equity clawback up to 40% at 109% prior to 10/1/20. MWC T+50bp. Call schedule: 2020 at 106.75%, 2021 at 104.5%, 2022 at 102.25%, 2023 and thereafter at par;

M&A

7 jw: Registration: 144G/Xdv N; Comments: LKY220a 7ej Rbc. djj dmr 144V/FmdK eej vsem. DK/URX/UZAA. Rbc Divv y ZD3, A+75%, A+50%, A+25%, Aij. Ujscsiv Ajsrm Xivmy 9.00% ijmi. Rsjiv drscijrmy 9.00%. Divv drrmcy 2020 ic 106.75%, 2021 ic 104.5%, 2022 ic 102.25%, 2023 ijc crmjmiecmj ic aij. Ps rviwx 40% ic 109%. RFD+50.;