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7 years ago
New Issue-Speedway Motorsports sells $150 mln notes
January 20, 2011 / 10:31 PM / 7 years ago

New Issue-Speedway Motorsports sells $150 mln notes

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 Jan 20 (Reuters) - Speedway Motorsports Inc (TRK.N) on Thursday sold $150 million of senior notes in the 144a private placement market, said a market source.
 Bank of America Merrill Lynch, JP Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities were the joint bookrunning managers for the sale. BORROWER: SPEEDWAY MOTORSPORTS INC AMT $150 MLN      COUPON 6.75 PCT     MATURITY 2/1/2019 TYPE SR NTS       ISS PRICE 100.00    FIRST PAY 8/1/2011 MOODY'S Ba2       YIELD 6.75 PCT      SETTLEMENT 2/3/2011 S&P DOUBLE-B      SPREAD 369 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS* * MAKE-WHOLE CALL 50 BPS                                    

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