The Offering of the Notes by the Issuer in an aggregate principal amount of €600 million.

Cullinan Holdco SCSp, a special limited partnership established under the laws of the Grand Duchy of Luxembourg (the "Issuer"), is offering (the "Offering") tbd€ of its Floating Rate Sustainability-Linked Senior Secured Notes due 2026 (the "Floating Rate Notes") and tbd€ aggregate principal amount of its tbd% Sustainability-Linked Senior Secured Notes due 2026.

The Fixed Rate Notes will bear interest at a rate of tbd% per annum. The interest rate on the Fixed Rate Notes will increase by 0.750% on the Step-up Date (On october 30, 2025)

The Notes offered hereby will mature on tbd, 2026. The Revolving Credit Facility will mature 4.5 years from the Issue Date.

Assuming the fixed rate note is issued at the price of 102% with an annual coupon of 7%. Calculate the YTM and provide a detailed justification.

Answer rating: 100% (QA)

To calculate the Yield to Maturity YTM for the fixedrate notes we need to find the rate of return that would equate the present value of the future ca... View the full answer