The following table sets forth certain material terms of the Exchange Offers:
CUSIP/ISIN of FUNO Notes
Title of FUNO Notesto be tendered
Amount Outstanding
Maximum Exchange Amount to be accepted
Title of New Notes to be issued by Next Properties
Tender Consideration(1)(4)
Early Tender Premium(2)
TotalConsideration(3)(4)
144A: 898339 AA4 / US898339AA49Reg. S: P9401C AA0 / USP9401CAA01
4.869% Senior Notes due 2030
US$775,000,000
US$387,500,000
4.869% Senior Notes due 2030
US$950.00
US$50.00
US$1,000.00
144A: 89834J AB9 / US89834JAB98Reg. S: P9401J AB3 / USP9401JAB37
7.700% Senior Sustainability-Linked Notes due 2032
US$500,000,000
US$150,000,000
7.700% Senior Sustainability-Linked Notes due 2032
US$950.00
US$50.00
US$1,000.00
144A:89834J AA1 / US89834JAA16Reg S: P9401J AA5/ USP9401JAA53
7.375% Senior Green Notes due 2034
US$600,000,000
US$300,000,000
7.375% Senior Green Notes due 2034
US$950.00
US$50.00
US$1,000.00
144A: 89834J AC7/ US89834JAC71Reg S: P9401J AC1 / USP9401JAC10
8.250% Senior Sustainability-Linked Notes due 2037
US$300,000,000
US$300,000,000
7.700% Senior Sustainability-Linked Notes due 2032
US$990.00
US$50.00
US$1,040.00
144A: 898324 AB4 / US898324AB45Reg. S: P9406G AB4 / USP9406GAB43
6.950% Senior Notes due 2044
US$700,000,000
US$350,000,000
6.950% Senior Notes due 2044
US$950.00
