New Issue- Unit Corp adds $400 mln in notes

Thu Jul 12, 2012 5:52pm EDT

July 12 (Reuters) - Unit Corp on Thursday added $400
million of  in the 144a private placement marketsenior
subordinated notes to an exsisting deal, said IFR, a Thomson
Reuters service. 
    Bank of America Merrill Lynch and BMO were the joint
bookrunning managers for the sale.

BORROWER: UNIT CORP

AMT $400 MLN    COUPON 6.625 PCT   MATURITY    05/15/2021   
TYPE SR NTS     ISS PRICE 98.75    FIRST PAY   11/15/2012 
MOODY'S B2      YIELD 6.814 PCT    SETTLEMENT  07/24/2012   
S&P BB-MINUS    SPREAD N/A         PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
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