New Issue-Colt Defense sells $250 mln in notes

Tue Nov 3, 2009 3:38pm EST 

  Nov 3 (Reuters) - Colt Defense LLC on Tuesday sold $250
million of senior 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.
  JPMorgan and Morgan Stanley were the joint bookrunning
managers for the sale.
BORROWER: COLT DEFENSE LLC
AMT $250 MLN    COUPON 8.75 PCT     MATURITY 11/15/2017
TYPE SNR NTS    ISS PRICE 98.591    FIRST PAY 5/15/2010
MOODY'S B2      YIELD 9.00 PCT      SETTLEMENT 11/10/2009
S&P B-PLUS      SPREAD 582 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL +50 BPS
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