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New Issue-General Maritime sells $300 mln in 8-yr notes

Fri Nov 6, 2009 3:01pm EST

Stocks

    
  Nov 6 (Reuters) - General Maritime Corporation (GMR.N) on
Friday sold $300 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  JP Morgan and Goldman Sachs were the joint bookrunning
managers for the sale.
BORROWER: GENERAL MARITIME CORPORATION
AMT $300 MLN      COUPON 12.00 PCT    MATURITY 11/15/2017
TYPE SR NTS       ISS PRICE 97.512    FIRST PAY 5/15/2010
MOODY'S B3        YIELD 12.50 PCT     SETTLEMENT 11/12/2009
S&P SINGLE-B      SPREAD 922 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS*
*NON-CALLABLE 4 YRS

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