May 2, 2011 / 9:26 PM / 7 years ago

New Issue-Republic Services sells $1.85 bln in three parts

  May 2 (Reuters) - Republic Services Inc (RSG.N) on Monday sold $1.85 billion of notes in a three-part sale, said IFR, a Thomson Reuters service.
  Bank of America Merrill Lynch, Barclays, JP Morgan and RBS were the active joint bookrunning managers for the sale. BORROWER: REPUBLIC SERVICES INC TRANCHE 1                                                 AMT $700 MLN      COUPON 3.80 PCT     MATURITY 5/15/2018  TYPE SR NTS       ISS PRICE 99.969    FIRST PAY 11/15/2011 MOODY‘S Baa3      YIELD 3.805 PCT     SETTLEMENT 5/9/2011 S&P TRIPLE-B      SPREAD 115 BPS      PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 20 BPS TRANCHE 2                                                 AMT $550 MLN      COUPON 4.75 PCT     MATURITY 5/15/2023  TYPE SR NTS       ISS PRICE 99.736    FIRST PAY 11/15/2011 MOODY‘S Baa3      YIELD 4.779 PCT     SETTLEMENT 5/9/2011 S&P TRIPLE-B      SPREAD 150 BPS      PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS TRANCHE 3                                                 AMT $600 MLN      COUPON 5.70 PCT     MATURITY 5/15/2041  TYPE SR NTS       ISS PRICE 99.429    FIRST PAY 11/15/2011 MOODY‘S Baa3      YIELD 5.74 PCT      SETTLEMENT 5/9/2011 S&P TRIPLE-B      SPREAD 135 BPS      PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS   

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