New Issue-Cott Beverages sells $215 mln in notes

Tue Nov 3, 2009 1:28pm EST
 
[-] Text [+]
  Nov 3 (Reuters) - Cott Beverages Inc on Tuesday sold $215
million of senior unsecured notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally
planned $200 million.
  Barclays, Deutsche Bank, and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: COTT BEVERAGES INCORPORATED
AMT $215 MLN      COUPON 8.375 PCT    MATURITY 11/15/2017
TYPE SR NTS       ISS PRICE 98.575    FIRST PAY 5/15/2010
MOODY'S Caa1      YIELD 8.625 PCT     SETTLEMENT 11/13/2009
S&P SINGLE-B      SPREAD 565 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS*
*NON-CALLABLE 4 YRS

 

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