New Issue-OMNOVA Solutions sells $250 mln in notes

Fri Oct 22, 2010 3:58pm EDT

  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