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From: Paul Barrett < Sent: Friday, September 14, 2018 6:29 PM To: jeffrey E.; Richard Kahn Subject: RE: Bond idea Jeffrey We bought the bond and hedged the EUR
D denominated bond yielding —8.60% c. Net leverage of 3.52x d. Rated BB by S&P e. EUR 3bIn market cap f. Notional outstanding on this bond is EUR 674MM. Company had EUR 2.2b1n in cash and EUR 3.1bIn in undrawn credit facilities maturing in 2020-22 g. JPM overweight the credit h. I would do $3MM
From: Paul Barrett < Sent: Tuesday, September 11, 2018 9:01 PM To: jeffrey E.; Richard Kahn Subject: RE: Bond idea Nothing done yet. Hopefully they hit our bid t
D denominated bond yielding -8.60% c. Net leverage of 3.52x d. Rated BB by S&P e. EUR 3bIn market cap f. Notional outstanding on this bond is EUR 674MM. Company had EUR 2.2b1n in cash and EUR 3.1bIn in undrawn credit facilities maturing in 2020-22 g. JPM overweight the credit h. I would do $3MM
From: Paul Barrett < Sent: Friday, September 7, 2018 3:16 PM To: jeffrey E.; Richard Kahn Subject: RE: Bond idea Well received. London about to close. Might onl
2 EFTA_R1_01833674 EFTA02623877 c. Net leverage of 3.52x d. Rated BB by S&P e. EUR 3bIn market cap f. Notional outstanding on this bond is EUR 674MM. Company had EUR 2.2bIn in cash and EUR 3.1bIn in undrawn credit facilities maturing in 2020-22 g. JPM overweight the credit h. I would do $3MM
From: Paul Barrett < Sent: Monday, September 10, 2018 5:29 PM To: jeffrey E.; Richard Kahn Subject: RE: Bond idea Bonds traded up again. Will keep working them.
c. Net leverage of 3.52x d. Rated BB by S&P 2 EFTA_R1_01834666 EFTA02624400 e. EUR 3bIn market cap f. Notional outstanding on this bond is EUR 674MM. Company had EUR 2.2bIn in cash and EUR 3.1bIn in undrawn credit facilities maturing in 2020-22 B. JPM overweight the credit h. I would do $3MM
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