July 19, 2012 / 7:07 PM / 7 years ago

New Issue- 5-Hour Energy sells $450 mln in notes

July 19 (Reuters) - Innovation Ventures LLC/Finance Corp
(5-Hour Energy) on Thursday sold $450 million of senior secured
notes in the 144a private placement market, said IFR, a Thomson
Reuters service. 
    The deal was upsized from an originally planned $400 millon.
    Bank of America Merrill Lynch and Jefferies were the joint
bookrunning managers for the sale.

BORROWER: 5-HOUR ENERGY

AMT $450 MLN    COUPON 9.5 PCT     MATURITY    08/15/2019   
TYPE SR NTS     ISS PRICE 100      FIRST PAY   02/15/2013 
MOODY'S B2      YIELD 9.5 PCT      SETTLEMENT  08/02/2012   
S&P B-MINUS     SPREAD 853 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A       MORE THAN TREAS    NON-CALLABLE   N/A
0 : 0
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