October 22, 2010 / 8:03 PM / 7 years ago

New Issue-OMNOVA Solutions sells $250 mln in notes

  Oct 22 (Reuters) - OMNOVA Solutions Inc (OMN.N) on Friday sold $250 million of senior notes in the 144a private placement market, said IFR, a Thomson Reuters service.
  Deutsche Bank, Jefferies and KeyBank were the joint bookrunning managers for the sale. BORROWER: OMNOVA SOLUTIONS INC AMT $250 MLN      COUPON 7.875 PCT    MATURITY 11/1/2018  TYPE SR NTS       ISS PRICE 100       FIRST PAY 5/1/2011  MOODY‘S B2        YIELD 7.875 PCT     SETTLEMENT 11/3/2010 S&P B-MINUS       SPREAD 575 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS* *MAKE-WHOLE CALL 50 BPS                                    

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