March 23, 2010 / 10:01 PM / 7 years ago

New Issue-Lear Corp sells $700 mln of debt in 2 parts

 March 23 (Reuters) - Lear Corp (LEA.N) on Tuesday sold $700 million of senior notes in two parts, said IFR, a Thomson Reuters service.
 Citigroup, JP Morgan, Barclays Capital and UBS were the joint bookrunning managers for the sale. BORROWER: LEAR CORP TRANCHE 1                                                 AMT $350 MLN      COUPON 7.875 PCT    MATURITY 3/15/2018  TYPE SR NOTES     ISS PRICE 99.276    FIRST PAY 9/15/2010 MOODY'S B1        YIELD 8.00 PCT      SETTLEMENT 3/26/2010 S&P BB-MINUS      SPREAD 470 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS  TRANCHE 2                                                 AMT $350 MLN      COUPON 8.125 PCT    MATURITY 3/15/2020  TYPE SR NOTES     ISS PRICE 99.164    FIRST PAY 9/15/2010 MOODY'S B1        YIELD 8.25 PCT      SETTLEMENT 3/26/2010 S&P BB-MINUS      SPREAD 457 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YRS    

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