EFTA Document EFTA01385348

3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite Please note that we have constructed our acquisition landscape based on a variety of factors, including expressed interest/need, relative size, historical patterns, financial situation, apparent economic feasibility, market valuation and our own industry understanding. Lem Vegas: Exceeding Prior Peak Levels in 2018 Our outlook for Las Vegas remains positive as we continue to expect low-to mid-single-digit RevPAR