New Issue-Susser Holdings sells $425 mln notes

Fri Apr 30, 2010 12:49pm EDT

  April 30 (Reuters) - Susser Holdings LLC/Susser Finance
Corp SUSS.O on Friday sold $425 million of senior notes in
the 144a private placement market, said a market source.
  Bank of America Merrill Lynch, BMO Capital Markets and
Wells Fargo Securities were the joint bookrunning managers for
the sale.
BORROWER: SUSSER HOLDINGS LLC/SUSSER FINANCE CORP
AMT $425 MLN      COUPON 8.5 PCT      MATURITY 5/15/2016 
TYPE SR NOTES     ISS PRICE 98.845    FIRST PAY 11/15/2010
MOODY'S B2        YIELD 8.75 PCT      SETTLEMENT 5/7/2010
S&P B-PLUS        SPREAD 584 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 3 YRS*
*MAKE-WHOLE-CALL 50 BPS                                  

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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