| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 1,100.000 | 5 | Aug-28 | Sr. Secured | Ba3 | B+ | - | Fixed | Tsy | - | 99.00 | 283 | 6.75% | - | 99.00000 |
Tranche Comments
5 yr: First Pay: 2023-08-15; Redemption: 2025-02-15; Registration: 144A/Reg S; Comments: US$1.1bn add-on 6.75% 8/15/28 at 99.00, yld 6.976%. Spread: T+283bp. MWC: T+50bp until 2/15/25, and then 103.375, 101.688, 100.00. Equity clawback: Up to 40% at 106.75 prior to 2/15/25. Settle date: 3/09/23. 144A CUSIP: 893647 BR7. CoC: 101%. Call Schedule: 2025-02-15 @ 103.375, 2026-02-15 @ 101.688, 2027-02-15 @ 100.0. LEI: 88Q84GB3X55CF5OC7582;
Deal Comments
USD1.1bn tap of 6.75% due 8/15/2028
Use of Proceeds
Redeem outstanding notes