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Primary Analysis: Ams-Osram New 2029 SUNs IPTs Above Peers

Reorg Blog

Ams-Osram AG, is marketing $800 million-equivalent senior unsecured notes due 2029, as a part of its pre-communicated holistic €2.25 billion financing plan. The new notes will be split between a euro-denominated and dollar-denominated tranche based on demand.

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Lions Gate’s Proposed Spinoff of Studio Business Raises Concerns Under 2029 Notes’ Mergers, CoC Covenants

Reorg Blog

The post Lions Gate’s Proposed Spinoff of Studio Business Raises Concerns Under 2029 Notes’ Mergers, CoC Covenants appeared first on Reorg.

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Covenant Brief: Maple Tree’s Newly Issued $500M 8.96% Due 2029 Notes Benefit From Medco Parental Guarantee, Sub-Guarantee Package And Security Package; Key Covenant Protection Considered, Baskets Calculated

Reorg Blog

The post Covenant Brief: Maple Tree’s Newly Issued $500M 8.96% Due 2029 Notes Benefit From Medco Parental Guarantee, Sub-Guarantee Package And Security Package; Key Covenant Protection Considered, Baskets Calculated appeared first on Reorg.

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BREAKING: Mallinckrodt Opts Against Making Interest Payments on 11.5% 1L Senior Secured Notes due 2028, 10% 2L Senior Secured Notes due 2029 

Reorg Blog

1L Senior Secured Notes due 2028, 10% 2L Senior Secured Notes due 2029 appeared first on Reorg. The post BREAKING: Mallinckrodt Opts Against Making Interest Payments on 11.5%

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Maple Tree’s Notes Benefit From Medco Parental Guarantee

Reorg Blog

s newly issued $500 million 8.96% senior notes due 2029 benefit from a parental guarantee provided by PT Medco Energi Internasional Tbk. Medco Maple Tree Pte.

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Covenant Analysis: Assemblin

Reorg Blog

Assemblin is offering €480 million senior secured floating rate notes due 2029 (“SSNs 2029”) to fund its transfer to a Triton continuation fund, to redeem its existing €350 million senior secured floating rate notes due 2025 (“Existing Notes”) and to pay related fees and expenses.

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Primary: Ams-Osram’s New 2029s Benefit from J.Crew Blocker

Reorg Blog

Ams-Osram AG is marketing €800 million-equivalent of senior notes due 2029 (New 2029s) to refinance in full the group’s $450 million 7% senior notes due 2025 and the €850 million 6% senior notes due 2025 (Existing 2025s), refinance bank debt and to put cash on the balance sheet.

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