Examples of 2027 Notes in a sentence
Interest on the 2027 Notes is payable on March 1 and September 1 of each year.
If Antero Midstream Partners undergoes a change of control followed by a rating decline, the holders of the 2027 Notes will have the right to require Antero Midstream Partners to repurchase all or a portion of the 2027 Notes at a price equal to 101% of the principal amount of the 2027 Notes, plus accrued and unpaid interest.
The 2027 Notes are unsecured and effectively subordinated to the Credit Facility to the extent of the value of the collateral securing the Credit Facility.
The fair value of the contingent payment right is based on unobservable inputs and is therefore classified as Level 3.The fair value of the contingent payment right was determined using a “with” and “without” analysis, which compares the value of the 2027 Notes including the contingent payment right to the value of an otherwise identical bond that omits the contingent payment right feature by comparing the discounted cash flows.
The Telecel 2027 Notes bear interest at 5.875% p.a., payable semi-annually in arrears on April 15th and October 15th of each year, starting on October 15th, 2019.