New Issue-A&P sells $260 mln notes

Thu Jul 30, 2009 4:33pm EDT 

 July 30 (Reuters) - The Great Atlantic & Pacific Tea
Company, Inc (A&P) GAP.N on Thursday sold $260 million of
senior secured notes in the 144a private placement market, said
IFR, a Thomson Reuters service.
 The size of the deal was increased from an originally
planned $225 million.
 Bank of America was the sole bookrunning manager for the
sale.
BORROWER: GREAT ATLANTIC & PACIFIC TEA COMPANY, INC
AMT $260 MLN      COUPON 11.375 PCT   MATURITY 8/1/2015  
TYPE SR SEC NTS   ISS PRICE 97.385    FIRST PAY 2/1/2010 
MOODY'S B3        YIELD 12.00 PCT     SETTLEMENT 8/4/2009
S&P B-MINUS       SPREAD 898 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 3 YEARS*
* MAKE-WHOLE CALL 50 BPS
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