PRICED: McAfee $5.26b, €1.4b 2029 TLB Reprice at Par

EUR tranche priced. USD tranche priced May 23.

• Borrower: McAfee Corp.
• Business: provider of consumer digital protection software, safeguarding millions of consumers with one of the most comprehensive cybersecurity portfolios in the industry
• UOP: Reprice of existing $5.07b and €1.572b TLBs, in conjunction with €172m paydown on the EUR TLB
• $5.26b TLB due March 2029
  • Final: SOFR+325. 0.5%, Par
  • Step-Ups: Removal of 25bp step-up at 5.0x first lien net leverage
  • Call: 101 SC (6 months)
• €1.4b TLB
  • Pricing: E+350, 0.0%, Par
  • Step-Ups: Removal of 25bp step-ups at 4.5x and 5x first lien net leverage
  • Call: 101 SC (6 months)
• Ratings: ...