New Issue-OMNOVA Solutions sells $250 mln in notes
Oct 22 (Reuters) - OMNOVA Solutions Inc (OMN.N) on Friday sold $250 million of senior notes in the 144a private placement market, said IFR, a Thomson Reuters service.
Deutsche Bank, Jefferies and KeyBank were the joint bookrunning managers for the sale. BORROWER: OMNOVA SOLUTIONS INC AMT $250 MLN COUPON 7.875 PCT MATURITY 11/1/2018 TYPE SR NTS ISS PRICE 100 FIRST PAY 5/1/2011 MOODY'S B2 YIELD 7.875 PCT SETTLEMENT 11/3/2010 S&P B-MINUS SPREAD 575 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS* *MAKE-WHOLE CALL 50 BPS
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video