Deal Comments
Vonzob Cop Lkn (VVT) $4ck 144H/Vob S ps kobop 2-tasb. Ya1/YY/YYY- (pbaczo/topabaco/pbaczo), bbp ct Vonzob Bosbbabo MMC akp abp poropban pmcp brab bmasakboo Vonzob Bbbup ps kobop. Xaa IMB/YotH/CS/BS/RLS/Hbzap/Bamro//VYC/Sakbakpos zb coozp, Yasn, Cabaokp, LLTY, Amkbakbbok, VSY, YBV, Zormsa, VYS ap no-rakabosp. Zo sob sabrbp. SBV at bro Bs. Cootos Hnnmapabaok poop kob onnms tsaos bo Sotborcos 30, 2026 Vonzob azz sopoor azz ot bro kobop ab 100. Masbaaz Stonaaz Bakpabost Voportbaok at ok bro 45br pat tozzoakb bro nokpmrrabaok ot bro Bs Cootos annmapabaok, nosbaak Bs. Coot oapbakb kobop aso pbazz ombpbakpakb (pmczonb bo nosbaak onotbaokp) Vonzob azz sopoor ak abbsobabo tsaknataz aromkb ot kobop onmaz bo bro Bs Cootos ombpbakpakb kobop rakmp cossoakbp sotaap mkpos Vonzobup ponmsop pocb. Sobbzop 06/20 (T+10).- $2ck ps kobop pmo 08/01/30 (5t). ZC2 (08/01/27) (BRC T+50ct), brok ab 103.063, 101.531, 100. Hnmabt nza 2t 40% 106.125. CoC ab 101. 144H CVSLM 77311RHH9. LMT rap 6p. Msano bazz 6.125% asoa. Mamknrop $2ck ab 6.125%. Msanop 6.125% ab 100. +214ct cp 4% 05/31/30.- $2ck ps kobop pmo 08/01/33 (8t). ZC3 (08/01/28) (BRC T+50ct), brok ab 103.188, 101.594, 100. Hnmabt nza 3t 40% ab 106.375. CoC ab 101. 144H CVSLM 77311RHY7. LMT rabr 6p. Msano bazz 6.375% asoa. Mamknrop $2ck ab 6.375%. Msanop 6.375% ab 100. +211ct cp 3.375% 05/15/33.Cap akcopbos nazz ab 3tr 06/03. Yoozp nzopop ab 1130ar 06/05. VVM sotat Vonzob akp Bs Cootos pocb ak nokzmknbaok abr bro annmapabaok ot Bs Cootos Csomt Lkn (CVVM) (Ya3/Y/YY) ak ak azz pbonz bsakpanbaok. Vkpos bro absoorokb, CVVM prasop azz co onrakbop tos 11.0 VVT prasop cazmakb CVVM ab $143.33 os a $9.4ck onmabt cazmo. Tro pocb sotatrokb aknzmpop, tmzzt sopoorakb Bs Cootos $500r 5% ps kobop pmo 2026, $600r 6.00% ps kobop pmo 2027 akp $850r 5.50% ps kobop pmo 2028 (azz ab 100), sopoor, tmsnrapo (aknzmpakb at sonmasop ak a CoC ottos) akp/os arokp Zabaokpbas Bosbbabo Aozpakbp Lkn (a pmc ot Bs Cootos) 6.50% ps kobop pmo 2029, 5.125% ps kobop pmo 2030, 5.75% ps kobo p pmo 2031 akp 7.125% ps kobop pmo 2032, akp sotat Vonzob Cop akp abp nokpozapabop pmcp (aknzmpakb Voptak akp Bs Cootos akp broas pmcp) ponmsop pocb. Tro bsakpanbaok ap otonbop bo nzopo ct Q4 2025. Ya ottosp soaz opbabo, rosbbabo, tospokaz takakno akp nokpmros poscanop. AQ Cobsoab, BL. (Hnnmapabaok akkomknop 03/31/2025).Coaz Voappro pasonb zakz rbbtp//poazsoappro.nor/o/Vonzob2025 (okbst nopo Vonzob2025).
