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New Issue - Legacy Reserves sells $300 mln in notes
November 20, 2012 / 5:10 PM / 5 years ago

New Issue - Legacy Reserves sells $300 mln in notes

Nov 20 (Reuters) - Legacy Reserves LP and Legacy
Reserves Finance Corp on Monday sold $300 million of senior
notes in the 144a private placement market, said IFR, a Thomson
Reuters service. 
    Bank of America Merrill Lynch, RBC, UBS and Wells Fargo were
the joint bookrunning managers for the sale.

BORROWER: LEGACY RESERVES

AMT $300 MLN    COUPON 8 PCT       MATURITY    12/01/2020   
TYPE SR NTS     ISS PRICE 97.848   FIRST PAY   06/01/2013 
MOODY'S Caa1    YIELD 8.375 PCT    SETTLEMENT  12/04/2012   
S&P B-MINUS     SPREAD 716 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS

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