New Issue-Optima Specialty Steel sells $175 mln notes

Wed Nov 30, 2011 5:23pm EST

Nov 30 (Reuters) - Optima Specialty Steel on Wednesday
sold $175 million of senior secured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
     The deal was decreased from an originally planned $200
million.
      Jefferies was the sole bookrunning manager for the sale.
BORROWER: OPTIMA SPECIALTY STEEL
AMT $175 MLN     COUPON 12.50 PCT     MATURITY  12/15/2016
TYPE SR NTS      ISS PRICE 96.00      FIRST PAY  6/15/2012
MOODY'S B2       YIELD 13.622 PCT     SETTLEMENT 12/5/2011
S&P SINGLE-B     SPREAD N/A           PAY FREQ SEMI-ANNUAL
FITCH N/A                             NON-WHOLE CALL 50 BPS
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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