New Issue-PHI Inc sells $300 mln notes

Thu Sep 16, 2010 5:37pm EDT

  Sept 16 (Reuters) - PHI Inc (PHII.O) on Thursday sold $300
million of senior unsecured notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
  UBS was the sole bookrunning manager for the sale.
BORROWER: PHI INC
AMT $300 MLN     COUPON 8.625 PCT    MATURITY 10/15/2018
TYPE SR NTS      ISS PRICE 100       FIRST PAY 4/15/2011
MOODY'S B2       YIELD 8.625 PCT     SETTLEMENT 9/23/2010
S&P B-PLUS       SPREAD 627.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS