New Issue-Great Lakes Dredge sells $250 mln notes

Tue Jan 25, 2011 2:42pm EST

  Jan 25 (Reuters) - Great Lakes Dredge & Dock Corp (GLDD.O)
on Tuesday sold $250 million of senior notes in the 144a
private placement market, said IFR, a Thomson Reuters service.
  Deutsche Bank and Bank of America Merrill Lynch were the
joint bookrunning managers for the sale.
BORROWER: GREAT LAKES DREDGE & DOCK CORP
AMT $250 MLN      COUPON 7.375 PCT    MATURITY 2/1/2019  
TYPE SR NTS       ISS PRICE 100       FIRST PAY 8/1/2011 
MOODY'S B3        YIELD 7.375 PCT     SETTLEMENT 1/28/2011
S&P SINGLE-B      SPREAD N/A          PAY FREQ SEMI-ANNUAL
FITCH N/A                             NON-CALLABLE 4 YRS 

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