8 yr: First Pay: 2023-09-01; Redemption: 2026-03-01; Registration: 144A/Reg S; Comments: US$1.1bn (upsized from US$1bn) 7.375% cpn 8yr(3/3/31) at 100.00, yld 7.375%. Spread: T+625bp. MWC T+50bp until 3/1/26. Call Schedule: March 1, 2026 at 103.688, March 1, 2027 at 101.844, March 1, 2028 and thereafter at Par. Equity clawback: Up to 40% at 107.375% until March 1, 2026 . Settlement: 2/13/23. Tax Call: No. PP: No. XD: No;
Use of Proceeds
General Corporate Purposes, repayment of indebtedness and funding potential share buybacks