Can someone please explain this with a step by step process. Thanks

The classic swap transaction 7.35% 7.25% Counterparty LIBOR6 BigBank LIBOR6 Counterparty B LIBOR6 + 0.5% 7% Net Profit 7.35% - 7.25% + LIBOR6 - LIBOR6 0.10% $100 million loan 5-year maturity Floating-rate lenders $ 100 million loan 5-year maturity Eurobond Net cost 7.35% + LIBOR6 + 0.5% - LIBOR6 Borrower Fixed Rate Floating Net cost LIBOR6 + 7% - 7.25% LIBOR6 -0.25% 7.85% Company A 8.5% LIBOR + 0.5% Company B 7% LIBOR The classic swap transaction 7.35% 7.25% Counterparty LIBOR6 BigBank LIBOR6 Counterparty B LIBOR6 + 0.5% 7% Net Profit 7.35% - 7.25% + LIBOR6 - LIBOR6 0.10% $100 million loan 5-year maturity Floating-rate lenders $ 100 million loan 5-year maturity Eurobond Net cost 7.35% + LIBOR6 + 0.5% - LIBOR6 Borrower Fixed Rate Floating Net cost LIBOR6 + 7% - 7.25% LIBOR6 -0.25% 7.85% Company A 8.5% LIBOR + 0.5% Company B 7% LIBOR