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New Issue-Ferro Corp sells $250 mln notes
August 5, 2010 / 6:59 PM / 7 years ago

New Issue-Ferro Corp sells $250 mln notes

 Aug 5 (Reuters) - Ferro Corp (FOE.N) on Thursday sold $250 million of senior notes, said IFR, a Thomson Reuters service.
 Credit Suisse, JP Morgan, Bank of America Merrill Lynch and Citigroup were the joint bookrunning managers for the sale. BORROWER: FERRO CORP AMT $250 MLN     COUPON 7.875 PCT    MATURITY 8/15/2018  TYPE SR NTS      ISS PRICE 100.00    FIRST PAY 2/15/2011 MOODY‘S B2       YIELD 7.875 PCT     SETTLEMENT 8/24/2010 S&P SINGLE-B     SPREAD 541 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A         MORE THAN TREAS    NON-CALLABLE 4 YRS* * MAKE-WHOLE CALL 50 BPS  

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