New Issue-Speedway Motorsports sells $150 mln notes

Thu Jan 20, 2011 5:30pm EST

 Jan 20 (Reuters) - Speedway Motorsports Inc (TRK.N) on
Thursday sold $150 million of senior notes in the 144a private
placement market, said a market source.
 Bank of America Merrill Lynch, JP Morgan, SunTrust Robinson
Humphrey and Wells Fargo Securities were the joint bookrunning
managers for the sale.
BORROWER: SPEEDWAY MOTORSPORTS INC
AMT $150 MLN      COUPON 6.75 PCT     MATURITY 2/1/2019
TYPE SR NTS       ISS PRICE 100.00    FIRST PAY 8/1/2011
MOODY'S Ba2       YIELD 6.75 PCT      SETTLEMENT 2/3/2011
S&P DOUBLE-B      SPREAD 369 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
* MAKE-WHOLE CALL 50 BPS                                  

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