New Issue-Express Scripts sells $2.5 bln in 3 parts
June 4 (Reuters) - Pharmacy benefit management company Express Scripts, Inc (ESRX.O: Quote, Profile, Research) on Thursday sold $2.5 billion in a three-part debt sale, said IFR, a Thomson Reuters service.
Citigroup, Credit Suisse, and JP Morgan were the joint bookrunning managers for the sale. BORROWER: EXPRESS SCRIPTS INC FIRST TRANCHE: AMT $1.0 BLN COUPON 5.25 PCT MATURITY 6/15/2012 TYPE SR NOTES ISS PRICE 99.922 FIRST PAY 12/15/2009 MOODY'S N/A YIELD 5.278 PCT SETTLEMENT 6/9/2009 S&P BBB SPREAD 375 BPS PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS COC PUT $101 SECOND TRANCHE: AMT $1.0 BLN COUPON 6.25 PCT MATURITY 6/15/2014 TYPE SR NOTES ISS PRICE 99.574 FIRST PAY 12/15/2009 MOODY'S N/A YIELD 6.35 PCT SETTLEMENT 6/9/2009 S&P BBB SPREAD 375 BPS PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS COC PUT $101 THIRD TRANCHE: AMT $500 MLN COUPON 7.25 PCT MATURITY 6/15/2019 TYPE SR NOTES ISS PRICE 99.332 FIRST PAY 12/15/2009 MOODY'S N/A YIELD 7.345 PCT SETTLEMENT 6/9/2009 S&P BBB SPREAD 362.5 BPS PAY FREQ SEMI-ANNUAL FITCH BBB MORE THAN TREAS COC PUT $101
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