|
Issuer / Guarantor
|
Keel Infrastructure Corp
|
|
Size
|
USD 458mn
|
|
Type
|
Convertible
|
|
Leads
|
Goldman Sachs, Morgan Stanley, JP Morgan, Cantor Fitzgerald, Citizens
|
|
|
|
|
Maturity
|
15 Jan 2032 (5.6 years)
|
|
Coupon
|
1.25% (1 - 1.5%)
|
|
Premium
|
25% (22.5 - 27.5%)
|
|
Calls
|
NC3; PC @ 130% w table MW
|
|
Puts
|
t/o @ 100%
|
|
Div protection
|
Ratio adjustment (Full)
|
|
T/o protection
|
Make-whole table
|
|
CoCo
|
130% to Oct 2031 (5.3 yrs)
|
|
Announced
|
04 Jun 2026
|
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