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New Issue-Spectrum Brands sells $750 mln in notes
June 4, 2010 / 6:40 PM / 7 years ago

New Issue-Spectrum Brands sells $750 mln in notes

  June 4 (Reuters) - Spectrum Brands (SPB.N) on Friday sold $750 million of first priority senior secured notes in the 144a private placement market, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally planned $500 million.
  Credit Suisse, Bank of America Merrill Lynch, and Deutsche Bank were the joint bookrunning managers for the sale. BORROWER: Spectrum Brands AMT $750 MLN      COUPON 9.50 PCT     MATURITY 6/15/2018  TYPE SR NOTES     ISS PRICE 98.634    FIRST PAY 12/15/2010 MOODY‘S B2        YIELD 9.75 PCT      SETTLEMENT 6/18/2010 S&P SINGLE-B      SPREAD 687 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS* *MAKE-WHOLE CALL +50 BPS   

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