New Issue-Holly Corp sells $200 mln in 8-yr notes

Fri Jun 5, 2009 10:53pm BST
[-] Text [+]
  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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