Examples of 2028 Notes in a sentence
Rate Notes Fixed Rate Period Interest Payment Dates: During each of the 2028 Notes Fixed Rate Period, the 2030 Notes Fixed Rate Period and the 2055 Notes Fixed Rate Period, interest will be payable on the applicable series of notes semi-annually in arrear on March 12 and September 12 in each year, commencing on September 12, 2024.
All percentages resulting from any calculation in connection with any interest rate on the 2028 Notes, the 2030 Notes, the 2055 Notes or the Floating Rate Notes shall be rounded, if necessary, to the nearest one hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (for example, 9.876545% (or 0.09876545) would be rounded to 9.87655% (or 0.0987655)), and all U.S. dollar amounts would be rounded to the nearest cent, with one-half cent being rounded upward.
Interest on the Floating Rate Notes will be payable quarterly in arrear on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024 and ending on maturity (each, a “Floating Rate Notes Interest Payment Date” and, together with each 2028 Notes Interest Payment Date and 2035 Notes Interest Payment Date, each an “Interest Payment Date”).
The 2028 Notes are senior unsecured obligations and rank equally with all of our current and future senior indebtedness (including the 2030 and 2032 Notes), rank senior to all our current and future subordinated indebtedness and are subordinated to all of our current and future secured indebtedness (including all borrowings with respect to the U.S. Revolving Credit Facility and Term A-1, A-2, and A-3 Loan Facilities to the extent of the value of the assets securing such indebtedness).
The 2028 Notes Floating Interest Rate will be calculated quarterly on the applicable Interest Determination Date occurring during the 2028 Notes Floating Rate Period.