The leads initially announced the deal as a $300 million offering with guidance released on Monday at around 75bp over mid-swaps. However, that range was tightened further as the deal picked up traction during the marketing period to 73bp over mid-swaps.
The $400 million deal prices at a re-offer of 99.739% on a coupon of 5.875%, to yield at 5.396%, equating to a spread of 120.6bp...
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