3 January 2018 HY Corporate Credit HY Multi Sectoi.Mede, Cable & Satellite Relative Value and Comparables 'Figure 36: Building Products (Distribution) - Comp Set 1..14401. 1 ION .343 13,1203 11/ 113 11:11,10 0100 1:1<40 44,5\ 413C fun./ WC 44W in H.+ ~Ws 1‘51. Onn It CPS 1.03 40321 0411,41 Pe Et, $1 63.• 000.111 101 494 1:0 PP 4:2%0 10114, INN 115 4PC Eta.< 0.444 7,0, 4 LNo 0'15,13 Pi Es 01 1:04111 WM lid »SIPS •143% 253. Nato. ~0~I In ~II 1.•Y`S llolm lit 014.1.14 01 114 1:0 to et.1% H. 6.46,13~ta4) Bret 101.1 27544 IMO »01,23 e1 I6 01 WNW Ø)01 fa of /CV% 2:4 ~0.1~0 0.14, flan ti144.4. ~NNW, Y., ~6 1 ION P t *0 1401 0 01,73 toe». YI 62 us 595 113 Et) 11~40 6,24 It.1 1:43/5 4,74 444, 334 HD 044401 4,04.t. Wie1•2"0 ,0•4 4.0.4. IIfO 100104 52 ft. 01114.10 544 110 140(0 HD €044infnINat. N 1'04 101 W11,21 595 C441 NKII 104 140 112 1W 3 (4 N 211 014C 94.1 nt.001 ennt“.1114~14041 tt..00144 0.0.41444,40 C.~.41.4,3 004. 10,1~0 4•34.3 1.1001. 1.•NO 0:5055 1 (01. HfD It" 1301/04 0.12131 01 03 ea O2 CO3 03 134012 WW1. 13, 01 00 123 70 UPS I:4.N0 4111. 10 5114, )4•910 21: ,304un Mawr HIS BIN 10, ~II 1g/0 rett* 15.0 UAW» e1 PI v:P5C0 4 "An 1.401 mylne 04•10,1 0.43 9.• 030Y1C. 01 "4 1:0 014 300N Xi ,C604» Its ~8 15.0 12.t1,21 043 /30.• 043 10tYPIP *I 4.4 124.613 k14% Siset, 0.0.10144 7:014 Pt 033 NA 004 DI 10 02 NOVI, 04.110 1:11,20 3“411. :24 VAIIMOSI In ~8 1..X4 r5Ø P. OM tJOI/4 01 ett 51 1.101,14 IN 444 1:5113 4.04% 41.1 CV•44.>“ N.. NM • 1,". ItiM3 frig,,nt 02 C441 • 4+1v0 03 Of. 4:350 1•4121•3 011•400•443 0.•14.0B ?MN Ua 0,5,1 SI e0 0' 101 14,1 IN. /24 11404 2/6 t4C4SCO N. ~II 40\ 1340 1301/:3 02 SI 4:1104 44* 121 01.030J,»043% 01•3•15 iny✓.0 Iterib 34 540042 0: 02 f:Os1S 4 Wes HD 014•0..34 Sans 0/042$ 0.44,W4 *:t0% 131: 02 Cal fee. CtUrki4 40. 1:5,4 NIB 44$ Ø/.4H~0 iny4ne talk NCY22 SI 02 00 VO0.Y 41 254 OpiM.1WI 14.1.4•04e. MAI 324 blen2 02 0 02 • 120v11 10144 IN. 020 4 .404 .34, 0C40.~ tLW rf040H1..yH 141 letiattOw. oem On f a4011 111S 34:3 WW2, tilCCY12 03 C-1 0001,15 01‘10, 14 01 ON 01444 1:16Y 140 tflIN :AVM 3,01404•10/4n I04% 11p0 0021Y23 Coo: • 74, 10^w 1N.~ 1..403 IMO. 1214 13.1•03 413 01 • 1441•14 10104. 4301.3 T1~ 41; (11PrIOIS16 52/5,14 Satin Datlefe• LCD. ACS5d. Figure 37: Building Products (Manufacturing) - Comp Set (1 of 2) Tim NM. Lrm ▪ NI, 9,4 014444•401«, t-52$ L.401 4...~».1 1.10.01. V.4nS 1.:002.14,4 ECU. hetwe "s >MN ~neater Otircra 00.02.44 5 NS% 0~4.2..4 ites4fitenter C,Y0.1410.4149.444 0 I n 001 1taiNsa In. «PP 1.1.4004. weentnt .M.% 0~ 4 xine 0..v 044an Fnln..yn ('CO "owe Prirt 1.400 14110ttantS•t (.450 0,40cIatt, 4.wIn44H B10.1.4,44.; 5.1440,144 4 PUN fun 00 « S.04 kr..01.010 11030.4 44~ 100 44.0 O14•1m /um*. 041 asti. • 044 Pew.« fy1M ,44.4.7.194N N aga wMYw I.•344 1`4. 44,, C•t 14.0 twe 1.04 .4~1~4 0 14~ ..•u444132 SlM. Tr. <*e .“...1,.4rl.Cw f..nma aen. ~•••,ø, We, 1.141 4.0 OcøC•0ean Suva met • CoN. Wt. Cup... Nm 13144 0roc,:tenitan Nn sttie. t120. >WIN au Capra, nnAn 5 ItION etrult, 54•15•••,« •440.. ~Q. CM... an 433S vs. ett.~. r tiOlk Waco 414or ran 41.4" I An% 11.1317., 4 MN weantta 1404 1.1.t.te.,10,41 Sinuntli• • .MC/0 ht..... la Son Onsolie On let . frets« Deutsche Bank Securities Inc. On« 1F4O 0444. ow. lØ 004.4 Ono MO 014031 • SNP .1109,11 1,13 1-$ 0/434,01 ex, •Tt, 01003* Ca> 1:01 45-0444 1340 210104 403 14 21 2.7.01,2) 0141 4441433 Na ISOM RI U14 1.t.414 , 1210 11030. el MM 31.04:4 03 (.10 20. 11M PI MS -31.0 .14 11:0 4401,34 ro 0001,1 fal 149, .31,511 C.7 11B11 1210 2201e, tit I 1003 .33.01"22 13, te:0 "Ono P1 Mz Otitatt1 02 1.44, 41.43» , 4414 01, 92.1 5501 112V .35.0172 Ma Ciele3s 33% 21.010, St 1114 04, :k14 rot PIN 0..8.-4 1.10, 04~ M13 1100 .301422 4037 1140 EN 040101 1290 ~01 Itte ON 00, 43 NO 23,5530 55,0 110, .31,914 MI WO .270» NI MD 120434 bt 4.5» SA43 bl MY 11~ IS3 e es- 51 P - eee: Ø. . - .6 ke inopeo cam e.po 6 ~VIP 101N4 NB 0140t:0 104 311 10 b - 0' NY - Pt P 4a43 Ø. 100110 NUN Ceal e - 5, - ra, av. ink% 101 40 5, e• - Cal ow• a.0515 lot°, Ow En ein!n• 100103 (4.1 e- Ø1P lot ms e. 02 CO 0...,,110 101 N) 02 0 144.14 102141 Pt P - - 112 0 4nO'14 101t4 ep 0 414,1/1 MM. 0.1 PI 1~6 14 44 0. 110 - - 042 OS. 144fltIS 103 1.00 - - 941 Nit WC. ott MO 4500 1, 10 041 PPP 1.4.V: 00 NP WIC 1.50 041 Nit W.: 144 O0 rett vine V.40 /01 (4.1. .10S S , ki4 MAC Oaf M. tift010 1411$ Mal talviC 1.4. P443 EN. WC 7.16 0443 Mir 103. sow Ma. 450c 1, 21 Oal CD - 01 IN 44» 3.43 193F15 042055 414 90>L 1132- '403, 1.111%0 On 401 VI!40 4OIA 354 101:50 4 JUT 331 woo 4.I014 214 »I 105 I MN Ifl 1.1.1:t0) i 14N 414 113'45 SPIN 421 NM 0 !la% VII W1. <CO f)191. 424 »Ilro Or" 11.1 03 V) 4 ør /SP 1»140 514n 0.11 4 4 000 )31N IN 103,4 (114.11. IN ICQM 4107 503 111024 I•1T 321 Ill no •41:4‘ .11, I» l0 3 ft.1% 441 01 70) O2..7•, 145 4»150 155" 141 05 124 nra., v) 1.10 14) • 3244• 3.0 01,4 310\ IN U3 {00 3.34T CA 01 PS 2416 *4 »un 354- IN 103 115 23110 S3! »I Iti. 11W1 II2 00 :03 1411% 111 ,10ca ran. Iv , V 1 114 •\p IM 'ISO • 04-• 1141 134,4 •:332 311 121143 31µ1. a" IM TO 32l055 It.: VIPA 11i1N IN 11 1:1 X0 5 3 I( «.." I iM 21: .. Page 17 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0086576 SDNY_GM_00232760 EFTA01385292