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In addition, the Issuer may redeem the Notes, at its option, in whole at any time or in part from time to time, on or after April 21,
2021 (or, if additional Notes are issued after October 21, 2020, beginning six months after the issue date of such additional Notes), and prior to October 24, 2025, upon at least 5 business days but not more than 60 calendar
days prior written notice to the holders of the Notes, at a make-whole redemption price equal to the greater of:
(i) 100% of the principal amount of the Notes to be redeemed; or
(ii) as determined by the quotation agent described below, the sum of the present values of (a) the principal amount of the Notes to
be redeemed, as if paid on October 24, 2025 and (b) the scheduled payments of interest on the Notes to be redeemed, that would have been payable from the redemption date to October 24, 2025, in each case discounted to the redemption
date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate plus 15 basis points, minus interest (on the Notes to be
redeemed) accrued to, but excluding, the redemption date,
plus, in either case of
(i) or (ii) above, accrued and unpaid interest, if any, on the principal amount of the Notes being redeemed to, but excluding, the applicable redemption date.
Notwithstanding the foregoing, any interest on Notes being redeemed that is due and payable on an Interest Payment Date falling on or prior to a redemption
date for such Notes will be payable on such Interest Payment Date to holders of such Notes being redeemed as of the close of business on the relevant record date according to the terms of the Notes and the Senior Indenture.
treasury rate means, with respect to any redemption date, the rate
per annum equal to: (1) the yield, under the heading that represents the average for the week immediately prior to the calculation date, appearing in the most recently published statistical release appearing on the website of the Board of
Governors of the Federal Reserve System or in another recognized electronic source, in each case, as determined by the quotation agent in its sole discretion, and that establishes yields on actively traded U.S. Treasury securities adjusted to
constant maturity, for the maturity corresponding to the applicable comparable treasury issue; provided that, if no maturity is within three months before or after October 24, 2025, yields for the two published maturities most closely
corresponding to the applicable comparable treasury issue will be determined and the treasury rate will be interpolated or extrapolated from those yields on a straight-line basis, rounding to the nearest month; or (2) if such release (or any
successor release) is not published during the week immediately prior to the calculation date or does not contain such yields, the semi-annual equivalent yield to maturity or interpolated maturity (on a
day-count basis) of the comparable treasury
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