Figure 21: High Ylekt Chemicals 8/CCC Relative Value - Leverage vs. STW
AI
f
i
m
1250
r
Hai lospowa
NM 10/2511'22
Imo KM 6 tit%20
750
500
PM 6 275% 76
•
INEGRP 5 375% 24
• KRA 7 OX% 25
•
260 71855,5275%.05-1NICAP-65151624----KOP
• •
P011 6 5CC't '22
00PPPPI 500%23 KM 10 500% 13 PM 64 23
4 •
- -
1.0x 20x - 3.OK 4 Sx 5 Oa 6 Ox 8 Ox
Total Debt / LTM EBITDA
Mar Os am Orrormr Met S_4.,, Anan•LP
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086598
CONFIDENTIAL SDNY_GM_00232782
EFTA01385314