Key Characteristics of the 1L Bonds - dated 21/05/2026
Senior Secured Fixed Rate Notes
| Amount | €950m |
| Annual Interest Rate | 8.125% |
| Maturity Date | 21 May 2031 |
| Security, Ranking and Subordination |
The 1L Bonds include the following security:
- First-ranking security over collateral assets
- Pari passu with 1L senior secured floating rate notes and RCF under the Intercreditor Agreement
- Senior ranking over (i) 1.5L financings and (ii) 2L bank financings under the Intercreditor Agreement
|
Senior Secured Floating Rate Notes
| Amount | €300m |
| Annual Interest Rate | Euribor 3 months +525bps (0% floor) |
| Maturity Date | 21 May 2031 |
| Security, Ranking and Subordination |
The 1L Bonds include the following security:
- First-ranking security over collateral assets
- Pari passu with 1L senior secured floating rate notes and RCF under the Intercreditor Agreement
- Senior ranking over (i) 1.5L financings and (ii) 2L bank financings under the Intercreditor Agreement
|
