New Issue-Sequa Corp sells $350 mln notes

Tue Dec 11, 2012 9:54am EST

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Dec 11 (Reuters) - Sequa Corp on Monday sold $350 million of
senior unsecured notes in the 144a private placement market,
said IFR, a Thomson Reuters service.
    Barclays, Credit Suisse, Citigroup, HSBC, J.P. Morgan,
Goldman Sachs, Morgan Stanley, and RBC were the joint
bookrunning managers for the sale.

BORROWER: SEQUA CORPORATION

AMT $350 MLN      COUPON 7 PCT       MATURITY 12/15/2017
TYPE SR NTS       ISS PRICE 98.5     FIRST PAY 06/15/2013 
MOODY'S Caa1      YIELD 7.37         SETTLEMENT 12/19/2012   
S&P TRIPLE-C      SPREAD 676 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS   CALLABLE N/A
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