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Sept 13 (Reuters) – Continental Rubber of America, Corp.
on Wednesday sold $950 million of senior secured
notes in the 144a private placement market, said IFR, a Thomson
Reuters service.
Credit Agricole, Deutsche Bank, HSBC, JP Morgan, Bank of
America Merrill Lynch, and RBS were the joint bookrunning
managers for the sale.
BORROWER: CONTINENTAL RUBBER OF AMERICA, CORP.
AMT $950 MLN COUPON 4.5 PCT MATURITY 09/15/2019
TYPE SR NTS ISS PRICE 100 FIRST PAY 03/15/2013
MOODY’S Ba3 YIELD 4.5 PCT SETTLEMENT 09/24/2012
S&P; BB-MINUS SPREAD 334 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
