May 2, 2011 / 9:31 PM / 7 years ago

New Issue-Pentair sells $500 mln in 10-yr nts

 May 2 (Reuters) - Pentair Inc (PNR.N) on Monday sold $500 million of notes, said IFR, a Thomson Reuters service.
 The size of the deal was increased from an originally planned $400 million.
 Bank of America Merrill Lynch and JP Morgan were the active joint bookrunning managers for the sale. BORROWER: PENTAIR INC AMT $500 MLN      COUPON 5.00 PCT     MATURITY 5/15/2021  TYPE NTS          ISS PRICE 99.804    FIRST PAY 11/15/2011 MOODY‘S Baa3      YIELD 5.025 PCT     SETTLEMENT 5/9/2011 S&P BBB-MINUS     SPREAD 175 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS  

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