New Issue-Bumble Bee Foods sells $220 mln in notes

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Thu Dec 10, 2009 6:33pm GMT

  Dec 10 (Reuters) - Bumble Bee Foods LLC, Conners Brothers
Clover Leaf Seafoods Company, and Bumble Bee Capital Corp on
Thursday jointly sold $220 million of senior secured notes in
the 144a private placement market, said IFR, a Thomson Reuters
service.
  Wells Fargo Securities and Jefferies were the joint
bookrunning managers for the sale.
BORROWER: BUMBLE BEE FOODS LLC/CONNERS BROTHERS CLOVER LEAF
       SEAFOODS CO/BUMBLE BEE CAPITAL CORP
AMT $220 MLN      COUPON 7.75 PCT     MATURITY 12/15/2015
TYPE SR SEC NTS   ISS PRICE 98.823    FIRST PAY 6/15/2010
MOODY'S B2        YIELD 8.00 PCT      SETTLEMENT 12/17/2009
S&P B-PLUS        SPREAD 551 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 3 YRS*
*MAKE-WHOLE CALL 50 BPS

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