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New Issue-CKE Restaurants sells $600 mln notes

Tue Jul 6, 2010 5:21pm EDT 

  July 6 (Reuters) - CKE Restaurants Inc CKR.N on Tuesday
sold $600 million of senior secured second lien notes in the
144a private placement market, said IFR, a Thomson Reuters
service.
  Morgan Stanley, Citigroup and the Royal Bank of Canada
were the joint bookrunning managers for the sale.
BORROWER: CKE RESTAURANTS INC
AMT $600 MLN       COUPON 11.375 PCT   MATURITY 7/15/2018
TYPE 2ND LIEN NTS  ISS PRICE 98.085    FIRST PAY 1/15/2011
MOODY'S B2         YIELD 11.75 PCT     SETTLEMENT 7/12/2010
S&P SINGLE-B       SPREAD 913 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A           MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE-CALL 50 BPS                             
(Editing by Andrew Hay)
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