New Issue-Regal Cinemas sells $400 mln in 10-yr notes

Thu Jul 9, 2009 5:52pm EDT
 
[-] Text [+]
  July 9 (Reuters) - Regal Cinemas Corp, a unit of theater
chain operator Regal Entertainment Group (RGC.N), on Thursday
sold $400 million of notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally
planned $300 million.
  Credit Suisse, Deutsche Bank, and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: REGAL CINEMAS CORP
AMT $400 MLN     COUPON 8.625 PCT    MATURITY 7/15/2019 
TYPE SR NOTES    ISS PRICE 97.561    FIRST PAY 1/15/2010
MOODY'S B1       YIELD 9.00 PCT      SETTLEMENT 7/15/2009
S&P B-MINUS      SPREAD 560 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS    NON-CALLABLE 5 YEARS*
*MAKE-WHOLE CALL 50 BPS

 

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