| Optional Redemption: |
|
Prior to December 11, 2029 (one year prior to the maturity date, the “Par Call Date”), the Company may redeem the notes
at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places), equal to the greater of:
• the sum of the present values
of the remaining scheduled payments of principal and interest on the notes to be redeemed, discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in this prospectus supplement) plus 25 basis points less (b) interest
accrued to the date of redemption, and
• 100% of the principal amount of the notes to be redeemed, plus, in either case, accrued and unpaid
interest thereon, if any, to, but excluding, the redemption date. In addition, on
the Par Call Date, the Company may redeem the notes, in whole, but not in part, at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the
redemption date. At any time and from time to time on or after November 11, 2030 (30 days prior to the maturity date), the Company may redeem the notes in whole or in part at a redemption price equal to 100% of the principal amount of the notes
being redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.
The notes will not be subject to repayment at the option of the holder at any time prior to maturity. |