New Issue-Tempur-Pedic sells $375 mln of notes
Dec 13 (Reuters) - Tempur-Pedic International Inc on Wednesday sold $375 million of senior unsecured notes in the 144a private placement market, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Barclays, J.P. Morgan and Wells Fargo were the joint bookrunning managers for the sale. BORROWER: TEMPUR-PEDIC INTL INC. AMT $375 MLN COUPON 6.875 PCT MATURITY 12/15/2020 TYPE SR NTS ISS PRICE 100 FIRST PAY 6/15/2013 MOODY'S B3 YIELD 6.875 PCT SETTLEMENT 12/19/2012 S&P B-PLUS SPREAD 560 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS* * MAKE-WHOLE CALL 50 BPS
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.