New Issue-Valassis Communications sells $260 mln notes

Thu Jan 13, 2011 5:32pm EST

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  Jan 13 (Reuters) - Valassis Communications Inc VCI.N on
Thursday sold $260 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  Bank of America Merrill Lynch and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: VALASSIS COMMUNICATIONS INC
AMT $260 MLN      COUPON 6.625 PCT    MATURITY 2/1/2021  
TYPE SR NTS       ISS PRICE 100       FIRST PAY 8/1/2011 
MOODY'S Ba3       YIELD 6.625 PCT     SETTLEMENT 1/28/2011
S&P BB-MINUS      SPREAD 333 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS                                  

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