New Issue - Dresser-Rand sells $375 mln in notes

Thu Mar 10, 2011 2:35pm EST

  March 10 (Reuters) - Dresser-Rand Group Inc (DRC.N) on
Thursday sold $375 million senior subordinated notes in the
144a private placement market, said a market source.
  UBS and Goldman Sachs were the joint bookrunning managers
for the sale.
BORROWER: DRESSER-RAND GROUP INC
AMT $375 MLN    COUPON 6.50 PCT     MATURITY 5/1/2021  
TYPE SR NTS     ISS PRICE 100.00    FIRST PAY 5/1/2011 
MOODY'S B1      YIELD 6.50 PCT      SETTLEMENT 3/22/2011
S&P B-PLUS      SPREAD 306.2 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS    NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS                                  

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