EFTA01385402

0ui se!pin309 )$ueg OtpSinG0 Figure 16: Relative Valuation - Insurance & CROs and CMOs c— m IPS LTA PFI Ne0•14 K Seed Doloclpdoo Capon Mar /Inky ~+V• hbo 11W VFW Dow / =IDA 2 g MID WITDA In2mimeo a N.) Centeno Corp ICNCI 5.625% Senior Notes 02/15/21 61,388 8.2 88. 103.284 204% 180 02/1518 o O Centeno Corp ICNC1 4360% Senior Notes 06,15/22 51,000 Bei 88. 103.970 3.49% 168 051519 Centeno Corp ICNC) 6125% Senior Notes 02/15/24 51,000 8.2 8B. loses 411% 236 02/15119 a^ Centene Corp ICNC) 4750% Senior Notes 01/1525 51,200 8.2 88. 101.795 436% 209 011523 0 York Risk (YORKRI) 8.500% Senior Notes 1801/22 $315 Cae3 CCC 98.375 8.92% 668 100122 cr rt. CROs CMOs PRA Health Sciences IPRAI) 9.500% Senior Notes 10/0123 $IM 82 BR 110.126 231% 98 1001:18 S. Pharmaceutical Product Development 7.625% Senior Notes 05/15/22 5550 Cae1 CCC. 101.168 7.09% 514 051520 Pharmaceutical Product Development IPPOI) 6375% Senior Notes OW01/23 $1,125 Coat B. 101.250 6.11% 380 080123 Dainties PAS Inc. IRX) 4875% Senior Notes 06/15/23 5800 863 BB* 104.250 119% 253 0515'18 Quintiles MS Inc. IRX) 3.500% Senior Notes 10/15/24 5825 8.3 8B+ 106.099 1.60% (27) 10/16:19 Quintiles NS Inc. IRX) 1260% Senior Notes 03/1525 51,425 Ba3 Bo+ 103.803 221% 29 031520 Quintiles PAS Inc. IRX) 5.000% Senior Notes 1015126 51,060 893 8B. 102.625 456% 216 101524 Surgery Partners ISGRY) 8.875% Senior Notes 04/15121 $400 Caa2 CCC. 102.750 7.92% 587 041521 Surgery Partners ISGRY) 6750% Senior Notes 07/0125 5370 Gat CCC. 94750 7.67% 526 07.01/25 Sans DAMON* Sew* Slocenteg fanny LP end Carper.. Lt-edwurn co co 0 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086686 CONFIDENTIAL SDNY_GM_00232870 EFTA01385402