New Issue-Holly Corp sells $200 mln in 8-yr notes
June 5 (Reuters) - Independent refiner Holly Corp (HOC.N: Quote, Profile, Research) on Friday sold $200 million of eight-year senior notes in the 144a private placement market, said IFR, a Thomson Reuters service.
UBS, Bank of America, and Goldman Sachs were the joint bookrunning managers for the sale. BORROWER: HOLLY CORPORATION AMT $200 MLN* COUPON 9.875 PCT MATURITY 6/15/2017 TYPE SR NOTES ISS PRICE 94.105 FIRST PAY 12/15/2009 MOODY'S B1 YIELD 11.00 PCT SETTLEMENT 6/10/2009 S&P DOUBLE-B SPREAD 734.5 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS** *$188.21 MLN PROCEEDS TO ISSUER **CALL SCHEDULE: 104.9375, 102.4688, 100 EQUITY CLAW: 3Y 35 PCT AT 109.875
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