New issue color MU
All pctns. UOP = retire portion of 1.875% and gcp. Sweet spot for stock (A-D came with stock $7.35-$7.6)
E’’s are now the first put after the ‘27s. We’ll use L+475 on E’s and 525 on F’s. As we’ver done with previous deals, we’ll keep vol at 35.
Buy E’s and push for mids on F’s