Sponsored Links

New Issue - AK Steel sells $350 mln in notes

Thu Nov 15, 2012 2:22pm EST 

Nov 15 (Reuters) - AK Steel Corp on Wednesday sold
$350 million of senior secured notes in the 144a private
placement market, said IFR, a Thomson Reuters service. 
    The issue is guaranteed by AK Holding. 
    Bank of America Merrill Lynch, Deutsche Bank, Citigroup,
Wells Fargo, Goldman Sachs and UBS were the joint bookrunning
managers for the sale.

BORROWER: AK STEEL

AMT $350 MLN    COUPON 8.75 PCT    MATURITY    12/01/2018   
TYPE SR NTS     ISS PRICE 100      FIRST PAY   06/01/2013 
MOODY'S B1      YIELD 8.75 PCT     SETTLEMENT  11/20/2012   
S&P BB-MINUS    SPREAD 792 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
Stocks
Bonds News
Bonds
Markets
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.