New Issue-Hospira sells $250 mln in 6-yr senior notes

Tue May 5, 2009 2:25pm EDT
 
[-] Text [+]
  May 5 (Reuters) - Pharmaceutical and medication delivery
company Hospira, Inc. (HSP.N) on Tuesday sold $250 million of
6-year senior unsecured notes, said IFR, a Thomson Reuters
service.
  Bank of America and Morgan Stanley were the joint
bookrunning managers for the sale.
BORROWER: HOSPIRA INCORPORATED
AMT $250 MLN       COUPON 6.40 PCT     MATURITY 5/15/2015 
TYPE SR UNSEC NTS  ISS PRICE 99.796    FIRST PAY 11/15/2009
MOODY'S Baa3       YIELD 6.441 PCT     SETTLEMENT 5/8/2009
S&P TRIPLE-B       SPREAD 437.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A            MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS*
*COC PUT $101

 

Companies In This Article

Featured Broker sponsored link