New Issue-Vulcan Materials sells $1.1 bln in two parts
June 3 (Reuters) - Vulcan Materials Co (VMC.N) on Friday sold $1.1 billion of notes in two parts, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $1 billion.
Bank of America Merrill Lynch, Goldman Sachs and SunTrust Robinson Humphrey were the joint bookrunning managers for the sale. BORROWER: VULCAN MATERIALS CO TRANCHE 1 AMT $500 MLN COUPON 6.50 PCT MATURITY 12/1/2016 TYPE NTS ISS PRICE 100 FIRST PAY 12/1/2011 MOODY'S Ba1 YIELD 6.50 PCT SETTLEMENT 6/14/2011 S&P DOUBLE-B SPREAD 488 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS TRANCHE 2 AMT $600 MLN COUPON 7.50 PCT MATURITY 6/15/2021 TYPE NTS ISS PRICE 100 FIRST PAY 12/15/2011 MOODY'S Ba1 YIELD 7.50 PCT SETTLEMENT 6/14/2011 S&P DOUBLE-B SPREAD 449 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS