New Issue-Sorenson sells $735 mln in 5-yr senior notes

Thu Jan 14, 2010 2:52pm EST 

  Jan 14 (Reuters) - Sorenson Communications Inc on Thursday
sold $735 million of senior secured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  Goldman Sachs and Morgan Stanley were the joint
bookrunning managers for the sale.
BORROWER: SORENSON COMMUNICATIONS INC
AMT $735 MLN      COUPON 10.50 PCT    MATURITY 2/1/2015  
TYPE SR NOTES     ISS PRICE 98.101    FIRST PAY 8/1/2010 
MOODY'S N/A       YIELD 11.00 PCT     SETTLEMENT 1/22/2010
S&P CCC-PLUS      SPREAD 853 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 2 YRS
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