January 16, 2009 / 4:59 PM / 11 years ago

New Issue-Fresenius unit sells $500 mln in senior notes

  Jan 16 (Reuters) - Fresenius US Finance II Inc, a
subsidiary of German healthcare group Fresenius SE FREG_p.DE,
on Thursday sold $500 million of 6.5-year senior notes in the
144a private placement market, said IFR, a Thomson Reuters
service.
  The sale was part of an approximately US $860 million (face amount)
two-part USD/Euro deal.
  JP Morgan, Deutsche Bank, Credit Suisse, BNP Paribas were
the joint bookrunning managers for the sale. Barclays was a
joint lead manager.
BORROWER: FRESENIUS US FINANCE II INC
AMT $500 MLN*     COUPON 9.00 PCT    MATURITY 7/15/2015  
TYPE SR NOTES     ISS PRICE 93.076   FIRST PAY 7/15/2009 
MOODY'S Ba1       YIELD 10.50 PCT    SETTLEMENT 1/21/2009
S&P DOUBLE-B      SPREAD N/A         PAY FREQ SEMI-ANNUAL
FITCH N/A                            MAKE-WHOLE CALL 50 BPS**
*$500 MLN FACE AMOUNT, $465.38 MLN PROCEEDS
**3-YEAR EQUITY CALL FOR 35 PCT AT 109


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