New Issue-Audatex North America sells $450 mln notes

Fri Jun 10, 2011 1:41pm EDT

  June 10 (Reuters) - Audatex North America Inc, a unit of
Solera Holdings (SLH.N), on Friday sold $450 million of notes
in the 144a private placement market, said IFR, a Thomson
Reuters service.
  The size of the deal was increased from an original $350
million.
  Goldman Sachs and Bank of America were the joint
bookrunning managers for the sale.
BORROWER: AUDATEX NORTH AMERICA INC
AMT $450 MLN      COUPON 6.75 PCT     MATURITY 6/15/2018 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 12/15/2011
MOODY'S Ba2       YIELD 6.75 PCT      SETTLEMENT 6/14/2011
S&P BB-           SPREAD 451 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 3 YRS 

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