New Issue-Choice Hotels sells $250 mln notes

Wed Aug 18, 2010 5:04pm EDT

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  Aug 18 (Reuters) - Choice Hotels International (CHH.N) on
Wednesday sold $250 million of 10-year senior notes, said IFR,
a Thomson Reuters service.
  Goldman Sachs, JP Morgan and Wells Fargo Securities were
the active joint bookrunning managers for the sale.
BORROWER: CHOICE HOTELS INTERNATIONAL
AMT $250 MLN      COUPON 5.70 PCT     MATURITY 8/28/2020 
TYPE SR NTS       ISS PRICE 99.747    FIRST PAY 2/28/2011
MOODY'S Baa3      YIELD 5.734 PCT     SETTLEMENT 8/25/2010
S&P TRIPLE-B      SPREAD 310 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 45 BPS

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