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New Issue-Belo Corp sells $275 mln 7-year sr notes

Tue Nov 10, 2009 5:56pm EST

Stocks

    
 Nov 10 (Reuters) - Belo Corporation (BLC.N) on Tuesday sold
$275 million of senior notes, said IFR, a Thomson Reuters
service.
 JP Morgan and Bank of America were the joint bookrunning
managers for the sale.
BORROWER: BELO CORPORATION
AMT $275 MLN      COUPON 8.00 PCT     MATURITY 11/15/2016
TYPE SR NTS       ISS PRICE 98.045    FIRST PAY 5/15/2010
MOODY'S Ba2       YIELD 8.375 PCT     SETTLEMENT 11/16/2009
S&P B-PLUS        SPREAD 543 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS 
* MAKE-WHOLE CALL 50 BPS



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