New Issue-CKE Restaurants sells $600 mln notes
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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