• Most Popular
  • Most Shared

New Issue-RSC Equipment Rental sells $200 mln 10-yr notes

Tue Nov 3, 2009 10:28am EST

Stocks

    
  Nov 3 (Reuters) - RSC Equipment Rental Inc and RSC Holding
III LLC units of RSC Holdings Inc (RRR.N), late on Monday
jointly sold $200 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  Deutsche Bank, Morgan Stanley, Bank of America, JP Morgan,
Wells Fargo, and Barclays were the joint bookrunning managers
for the sale.
BORROWER: RSC EQUIPMENT RENTAL INC/
        RSC HOLDING III LLC
AMT $200 MLN      COUPON 10.25 PCT    MATURITY 11/15/2019
TYPE SNR NTS      ISS PRICE 98.477    FIRST PAY 5/15/2010
MOODY'S Caa2      YIELD 10.50 PCT     SETTLEMENT 11/17/2009
S&P B-MINUS       SPREAD 708 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YRS



More from Reuters

Photo

World should at least halve CO2 by 2050: draft text

COPENHAGEN (Reuters) - The world should at least halve world greenhouse gas emissions by 2050 with rich nations taking the lead, according to a first draft text on Friday seeking to break deadlock on a new climate pact at U.N. talks. | Video

» More Top News
A weary trader rubs his eyes as he pauses outside the New York Stock Exchange following the end of the trading session in New York October 9, 2008. REUTERS/Mike Segar
EXCLUSIVE:

PIMCO finds its calling

It made a name for itself by investing in bonds, and now PIMCO has landed in a booming $1-trillion business that, put simply, steers clients through "very hard situations."  Full Article 

economy
A security personnel stands guard near oil pipelines at Tawke oil field near Dahuk, 400 km (245 miles) north of Baghdad May 9, 2009. REUTERS/Azad Lashkari

Now or never for Big Oil

The pressure's on for oil giants looking to secure rare access to cheap Middle East reserves as Iraq gears up to auction off some of the world's largest untapped oilfields.  Full Article 

Energy