September 13, 2012 / 3:06 PM / 5 years ago

New Issue-Continental Rubber sells $950 mln notes

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

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