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New Issue-Connacher Oil and Gas $200 mln 5-yr notes

Thu Jun 11, 2009 1:41pm EDT

Stocks

    
 June 11 (Reuters) - Connacher Oil and Gas Ltd (CLL.TO) on
Thursday sold $200 million of five-year senior secured first
lien notes in the 144a private placement market, said IFR, a
Thomson Reuters service.
 The size of the deal was increased from an originally
planned $150 million.
 Credit Suisse was the sole bookrunning manager for the
sale.
BORROWER: CONNACHER OIL AND GAS LTD
AMT $200 MLN*     COUPON 11.75 PCT    MATURITY 7/15/2014 
TYPE SR SEC NTS   ISS PRICE 93.678    FIRST PAY 1/15/2010
MOODY'S B1        YIELD 13.50 PCT     SETTLEMENT 6/16/2009
S&P BB-MINUS      SPREAD 1052 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 2 YEARS**
 *$187.356 MLN PROCEEDS TO ISSUER
**CALL SCHEDULE: 105.875, 102.938, 100



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