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Interest Periods:
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The initial interest period will be the period from and including September 24, 2018, to, but excluding, the initial
interest payment date, and the subsequent interest periods will be the periods from and including an interest payment date to, but excluding, the next interest payment date or the stated maturity date, as the case may be.
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Specified Currency:
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U.S. Dollars
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Denominations:
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The Company will issue the Notes in denominations of $25 and integral multiples of $25 in excess thereof.
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Business Day:
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Each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in the City of New
York or another place of payment are authorized or obligated by law or executive order to close.
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Optional Redemption:
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The Notes may be redeemed in whole or in part at any time or from time to time at the Companys option on or after
October 30, 2023, upon not less than 30 days nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price of 100% of the outstanding principal amount of the Notes plus accrued and unpaid
interest payments otherwise payable for the then-current quarterly interest period accrued to the date fixed for redemption.
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CUSIP / ISIN:
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427096 847 / US4270968476
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Use of Proceeds:
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The Company intends to use the net proceeds from the offering (i) to fund investments in debt and equity securities in
accordance with its investment objective, (ii) to make acquisitions, (iii) to retire certain debt obligations (which may include the 2024 Notes), and (iv) for other general corporate purposes.
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Joint Book-Running Managers:
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Keefe, Bruyette & Woods, Inc., Morgan Stanley & Co. LLC and UBS Securities LLC
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Lead Manager:
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Janney Montgomery Scott LLC
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Co-Managers:
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BB&T Capital Markets, a division of BB&T Securities, LLC, B. Riley FBR, Inc., Ladenburg Thalmann & Co.
Inc., Compass Point Research & Trading, LLC and Wedbush Securities Inc.
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Trustee, Paying Agent, and Security Registrar:
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U.S. Bank National Association
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* Under Rule
15c6-1
of the Securities Exchange Act of 1934, as amended, trades in the secondary market
generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing or the next two succeeding business days will be
required, by virtue of the fact that the Notes initially will settle T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes on the date of
pricing or the next two succeeding business days should consult their own advisor
This pricing term sheet, the preliminary prospectus
supplement, the accompanying prospectus and the pricing press release are not offers to sell or the solicitation of offers to buy, nor will there be any sale of the Notes referred to in this press release, in any jurisdiction where such offer,
solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.
A shelf registration statement relating to these securities is on file with and has been declared effective by the U.S. Securities and
Exchange Commission. The offering may be made only by means of a prospectus and a related preliminary prospectus supplement, copies of which may be obtained, when available, from (1) Keefe, Bruyette & Woods, Inc., Attention: Capital
Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019; or by calling Keefe, Bruyette & Woods, Inc., toll-free at (800)
966-1559;
or by
e-mailing
Keefe,
Bruyette & Woods, Inc. at uscapitalmarkets@kbw.com; (2) Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department or by calling Morgan Stanley at (800)
584-6837,
or by
e-mailing
Morgan Stanley at prospectus@morganstanley.com; and (3) UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019,
Attention: Prospectus Specialist, Telephone:
888-827-7275.
Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the
Company before investing. The preliminary prospectus supplement and accompanying prospectus contain this and other information about the Company and should be read carefully before investing.