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Sept 21 (Reuters) – Sotheby’s on Friday sold $300
million of senior notes in the 144a private placement market,
said IFR, a Thomson Reuters service.
Goldman Sachs and JP Morgan were the joint bookrunning
managers for the sale.
BORROWER: SOTHEBY’S
AMT $300 MLN COUPON 5.25 PCT MATURITY 10/01/2022
TYPE SR NTS ISS PRICE 100 FIRST PAY 04/01/2013
MOODY’S Ba3 YIELD 5.25 PCT SETTLEMENT 09/27/2012
S&P; DOUBLE-B SPREAD 357 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
