New Issue - Brown-Forman sells $750 mln in 3 parts

Tue Dec 11, 2012 10:07am EST

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Brown-Forman Corp on Monday sold $750 million of senior
notes in three parts, said IFR, a Thomson Reuters service.
    Bank of America Merrill Lynch, Barclays, and Citigroup were
the joint bookrunning managers for the sale.

BORROWER: BROWN-FORMAN CORP

TRANCHE 1
AMT $250 MLN     COUPON 1 PCT         MATURITY 01/15/2018
TYPE SR NTS      ISS PRICE 99.669     FIRST PAY 07/15/2013 
MOODY'S A1       YIELD 1.06 PCT       SETTLEMENT 12/12/2012   
S&P A-MINUS      SPREAD 45 BPS        PAY FREQ SEMI-ANNUAL
FITCH A-PLUS      MORE THAN TREAS     MAKE-WHOLE CALL 10 BPS

TRANCHE 2
AMT $250 MLN     COUPON 2.25 PCT      MATURITY 01/15/2023
TYPE SR NTS      ISS PRICE 99.345     FIRST PAY 07/15/2013 
MOODY'S A1       YIELD 2.323 PCT      SETTLEMENT 12/12/2012   
S&P A-MINUS      SPREAD 70 BPS        PAY FREQ SEMI-ANNUAL
FITCH A-PLUS      MORE THAN TREAS     MAKE-WHOLE CALL 12.5BPS

TRANCHE 3
AMT $250 MLN     COUPON 3.75 PCT      MATURITY 01/15/2043
TYPE SR NTS      ISS PRICE 99.978     FIRST PAY 07/15/2013 
MOODY'S A1       YIELD 3.751 PCT      SETTLEMENT 12/12/2012   
S&P A-MINUS      SPREAD 95 BPS        PAY FREQ SEMI-ANNUAL
FITCH A-PLUS      MORE THAN TREAS     MAKE-WHOLE CALL 15BPS
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