New Issue-Sealed Air Corp sells $400 mln in notes

Fri Jun 12, 2009 10:58pm BST
[-] Text [+]
  June 12 (Reuters) - Sealed Air Corp (SEE.N: Quote, Profile, Research) on Friday sold
$400 million of eight-year senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an originally
planned $250 million.
  Bank of America, Citigroup, Credit Suisse, Morgan Stanley,
and RBS were the joint bookrunning managers for the sale.
BORROWER: SEALED AIR CORPORATION
AMT $400 MLN      COUPON 7.875 PCT    MATURITY 6/15/2017 
TYPE SR NOTES     ISS PRICE 97.837    FIRST PAY 12/15/2009
MOODY'S Baa3      YIELD 8.25 PCT      SETTLEMENT 6/18/0909
S&P BB-PLUS       SPREAD 470 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YEARS

 
 
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