August 18, 2010 / 9:06 PM / 7 years ago

New Issue-Choice Hotels sells $250 mln notes

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  Aug 18 (Reuters) - Choice Hotels International (CHH.N) on Wednesday sold $250 million of 10-year senior notes, said IFR, a Thomson Reuters service.
  Goldman Sachs, JP Morgan and Wells Fargo Securities were the active joint bookrunning managers for the sale. BORROWER: CHOICE HOTELS INTERNATIONAL AMT $250 MLN      COUPON 5.70 PCT     MATURITY 8/28/2020  TYPE SR NTS       ISS PRICE 99.747    FIRST PAY 2/28/2011 MOODY'S Baa3      YIELD 5.734 PCT     SETTLEMENT 8/25/2010 S&P TRIPLE-B      SPREAD 310 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 45 BPS  

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